Wells Fargo

WFC

Market cap $277B

The economy is uncertain, but banks still managed strong earnings in Q3. We speak with experts to dissect the reports.

Wells Fargo CEO Charlie Scharf said AI is boosting productivity but will likely reduce workforce size. Pfizer CEO Albert Bourla warned China is closing the biotech and pharmaceutical patent gap rapidly and said the U.S. needs to focus on innovation.

Wells Fargo & Company delivered strong Q3 2025 results, aided by asset cap removal and resilient credit quality, supporting renewed business growth prospects. WFC's net interest income rose 2% YoY, noninterest income grew 9.3%, and credit costs declined 25%, driving net income up 9% and EPS up 17%. Management targets higher ROTCE (17-18%) and plans to reduce CET1 ratio, enabling continued aggressive capital returns via dividends and share buybacks.

Wells Fargo & Company (NYSE:WFC) reported better-than-expected results for the third quarter on Tuesday.

A little over four months after the removal of an asset cap that had been imposed by the Federal Reserve, Wells Fargo aims to shift the conversation from the improvements it made to earn that achievement to the work it has done to improve growth and returns.

Trade tensions and signs of stiffening competition weighed on a number of stocks in the AI space Tuesday. Meanwhile, stronger-than-expected quarterly profits helped lift shares of a large bank.

WFC's Q3 profit tops estimates as fee income and loan growth lifted results despite rising expenses.

Wells Fargo & Company (NYSE:WFC ) Q3 2025 Earnings Call October 14, 2025 10:00 AM EDT Company Participants John Campbell - Director of Investor Relations Charles Scharf - President, CEO & Chairman Michael Santomassimo - Senior EVP & CFO Conference Call Participants Kenneth Usdin - Bernstein Autonomous LLP Ebrahim Poonawala - BofA Securities, Research Division John McDonald - Truist Securities, Inc., Research Division Robert Siefers - Piper Sandler & Co., Research Division L. Erika Penala - UBS Investment Bank, Research Division Betsy Graseck - Morgan Stanley, Research Division Matthew O'Connor - Deutsche Bank AG, Research Division John Pancari - Evercore ISI Institutional Equities, Research Division Gerard Cassidy - RBC Capital Markets, Research Division Christopher McGratty - Keefe, Bruyette, & Woods, Inc., Research Division Presentation Operator Welcome, and thank you for joining the Wells Fargo Third Quarter 2025 Earnings Conference Call.

The Investment Committee debate whether financials can continue pushing higher.

CNBC's Leslie Picker joins 'Money Movers' with the latest news on bank earnings.