Wells Fargo & Company (WFC) News Today

Wells Fargo & Company (WFC) shares are experiencing mixed trading as investors weigh a strong second-quarter earnings beat and resilient credit metrics against lowered guidance for net interest income, a key profitability driver.

• Positive Sentiment: Wells Fargo reported stronger-than-expected Q2 earnings, delivering non-GAAP EPS of $1.54 versus consensus $1.41 and GAAP EPS of $1.60, with net income of $5.5 billion. Wells Fargo & Company Reports Earnings Beat
• Positive Sentiment: Profit rose as the bank set aside fewer provisions for bad loans, underscoring resilient credit metrics. Reuters: Wells Fargo Profit Rises
• Neutral Sentiment: Wells Fargo is the lender in a credit agreement expansion with IMAX, potentially deepening its corporate loan portfolio. IMAX Expands Credit Agreement with Wells Fargo
• Negative Sentiment: The bank lowered its full-year net interest income outlook, a key profitability metric, prompting a slide in premarket trading. Investopedia: Wells Fargo Lowers NII Guidance
• Negative Sentiment: Net interest income for Q2 missed expectations, leading to a downward revision of the growth outlook despite revenue and profit beats. MarketWatch: NII Misses and Outlook Lowered