Wells Fargo Stock Slides as Bank Lowers Its Outlook for a Key Measure of Profitability
1. Wells Fargo lowered its 2025 net interest income outlook to match 2024 levels. 2. Second quarter net interest income fell to $11.71 billion, below expectations. 3. Second quarter EPS was $1.6 on revenues of $20.82 billion, exceeding estimates. 4. The Federal Reserve lifted growth curbs after prior scandals, aiding transformation. 5. Shares dropped nearly 4% after the revenue outlook revision, despite prior gains.