Wells Fargo Q4 Earnings: Investors Cheer 50% Jump In Net Profit, ROE Improvement, Bank Expects Up To 3% Jump In 2025 NII
1. Wells Fargo reported Q4 2024 net income of $5.08 billion, up 47%. 2. GAAP EPS of $1.43 beats consensus estimate of $1.34. 3. Net interest income declined 7% to $11.84 billion due to various factors. 4. Noninterest income improved by 11%, aided by venture capital and asset-based fees. 5. Guidance for fiscal 2025 sees modest loan and deposit growth.