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0:00 / 0:00I. Financial Performance and Segment Results
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Wells Fargo Net Income Rises 6% to $4.9 Billion Amid Cost Cuts

WFC10-QFiling Date: 4/29/2025
Wells Fargo & Company
Description

What this story covers

Wells Fargo's Q1 2025 10-Q reveals $4.9B net income, up 6%, driven by 3% expense cuts and lower taxes offsetting revenue dip. Assets at $1.95T, stable credit with 45 bps charge-offs. Segments show resilience; asset cap persists but merchant JV acquisition boosts payments. Capital strong at 11.09% CET1. No new risks.

Story snapshot

CompanyWells Fargo & Company
TickerWFC
VariantStandard detailed
Duration12:46
Filing type10-Q
PeriodQ1 2025
IndustryFinancial Services
Accession0000072971-25-000129

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