Wells Fargo's wealth management unit reported higher net income for the fourth quarter and an increase in client assets, which received a boost from the current bull market. Net income for the wealth unit came in at $656 million, a 29% year- over-year increase. The unit benefited from higher net interest income and investment advisory fees. Wells Fargo said total client assets for the wealth unit were $2.5 trillion at the end of the quarter, an increase of 9% from the same period a year ago. ...

Wells Fargo fell short of analysts' profit estimates as net interest income fell short of expectations and severance costs drove up expenses in the fourth quarter. Dani Burger reports on Bloomberg Television. ...

Group 1 - Wells Fargo set aside over $1 billion in the fourth quarter for potential loan defaults, an increase from $681 million in the third quarter [1] - The increase in provisions for credit losses is attributed to higher balances in commercial and industrial, auto, and credit card loans [1] - For the fourth quarter of 2024, Wells Fargo reported a provision of $1.095 billion [1] Group 2 - Net charge-offs for Wells Fargo were reported at $1 billion, up from $954 million in the third quarter [2] - The net charge-offs for the fourth quarter of 2024 were $1.2 billion [2]

Core Viewpoint - Wells Fargo anticipates an increase in net interest income to approximately $50 billion in 2026, up from around $47.5 billion in 2025, driven by a growing balance sheet, changes in loan and deposit mix, and repricing of fixed assets [1] Group 1 - Net interest income is defined as the difference between earnings on interest-bearing assets and interest paid on customer deposits, making it a crucial metric for banks [1] - The company's projection is based on the assumption of only two to three cuts in the fed funds rate and a relatively stable 10-year Treasury in 2026 [2]

来源：滚动播报 富国银行首席执行官提及强劲的财务表现、美联储资产上限的解除以及多项同意令的终止。 ...

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) has released its fourth quarter 2025 financial results. The financial results are available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and on a Form 8-K filed by the company with the Securities and Exchange Commission (SEC) on Jan. 14, 2026, and available on the SEC's website at https://www.sec.gov. Conference call The company will host a live conference call on Wednesday, Jan. 14, at 10. ...

Wells Fargo's revenue for the quarter came in at $21.3 billion. Wells Fargo reported fourth-quarter earnings of $1.62 a share, missing Wall Street estimates of $1.66. On an adjusted basis, Wells Fargo reported earnings of $1.76 a share. vs. expectations of $1.66. ...

Wells Fargo's profit rose in the fourth quarter as it earned more from interest payments. ...

Financial Performance - Total revenue for Q4 2025 was $21,292 million, a decrease of 1% from Q3 2025 and an increase of 4% year-over-year[4]. - Wells Fargo's net income for Q4 2025 was $5,361 million, down 4% from Q3 2025 but up 6% compared to Q4 2024[4]. - The diluted earnings per common share for Q4 2025 was $1.62, a decrease of 2% from Q3 2025 and an increase of 13% year-over-year[4]. - Net income for Q4 2025 was $5,361 million, a decrease of 4% year-over-year[12]. - Earnings per common share for Q4 2025 was $1.64, down 2% from Q3 2025 but up 13% year-over-year[12]. - For the year ended December 31, 2025, total revenue reached $83,699 million, an increase from $82,296 million in 2024, representing a growth of 1.7%[26]. - Net income for the year was $21,338 million, up from $19,722 million in 2024, marking an increase of 8.2%[26]. Credit Losses and Provisions - The provision for credit losses increased by 53% quarter-over-quarter to $1,040 million, while it decreased by 16% year-over-year[4]. - The provision for credit losses increased to $1,040 million from $681 million in the previous quarter, indicating a rise of 53%[22]. - The provision for credit losses for the year was $3,658 million, compared to $4,334 million in 2024, a decrease of 15.5%[26]. - The allowance for loan losses remained stable at $13,797 million, with no significant change from the previous quarter[16]. - The allowance for credit losses for loans was $1,071 million for the quarter ended December 31, 2025, an increase of $384 million from the previous quarter[51]. - The total allowance for credit losses for loans was $14,337 million, which is 1.45% of total loans as of December 31, 2025[52]. Assets and Liabilities - Total assets as of December 31, 2025, were $2,079,777 million, reflecting a 3% increase from Q3 2025 and an 8% increase year-over-year[9]. - Total liabilities rose to $1,895,933 million, a 4% increase from the previous quarter and 9% year-over-year[19]. - Total deposits reached $1,426,207 million, up 4% from the previous quarter and 4% year-over-year[16]. - Total common stockholders' equity increased to $164.651 billion, reflecting a 2% increase from the previous year[61]. Income and Expenses - Interest income for Q4 2025 was $22,602 million, a 1% increase from Q3 2025 and a 2% decrease year-over-year[12]. - Net interest income reached $12,331 million, reflecting a 3% increase from Q3 2025 and a 4% increase year-over-year[12]. - Noninterest expense totaled $13,726 million, a slight decrease of 1% from Q3 2025 and consistent year-over-year[12]. - Noninterest income decreased by 6% quarter-over-quarter to $8,961 million, but increased by 5% year-over-year[12]. Capital Ratios - Common Equity Tier 1 (CET1) ratio under the Standardized Approach was 10.6% as of December 31, 2025, down from 11.0% in Q3 2025[9]. - The total capital ratio was 14.3% as of December 31, 2025, compared to 14.8% in Q3 2025[9]. - The liquidity coverage ratio (LCR) was 119% as of December 31, 2025, down from 121% in Q3 2025[9]. Segment Performance - Net interest income in the Commercial Banking segment was $1,993 million, a 2% increase from the previous quarter[37]. - Total revenue for the Commercial Banking segment decreased by 6% to $11,978 million compared to the previous year[37]. - Net income for the Commercial Banking segment was $1,142 million, down 11% year-over-year[37]. - Total revenue for the Wealth and Investment Management segment was $4,360 million, reflecting a 4% increase from the previous quarter and a 10% increase year-over-year[45]. Customer Metrics - Digital active customers increased to 37.2 million, a 3% growth compared to the previous year[33]. - Debit card purchase volume reached $137.3 billion, reflecting a 5% increase year-over-year[33]. - Total mortgage banking income was $179 million, an 18% increase compared to $769 million for the year[33]. Nonperforming Assets - Total nonperforming assets increased to $8,503 million, representing 0.86% of total loans, up from $7,832 million (0.83%) in the previous quarter[54]. - Nonaccrual loans rose to $8,201 million, accounting for 0.83% of total loans, compared to $7,614 million (0.81%) in the prior quarter[54]. Miscellaneous - The company completed the acquisition of the remaining interest in its merchant services joint venture in April 2025, impacting card fees revenue[12]. - The company reclassified certain items on its balance sheet in Q4 2025, affecting the presentation of trading assets and liabilities[13].

Economic Data - The U.S. consumer prices rose +0.3% month-over-month in December, with annual inflation at +2.7%, consistent with expectations [1] - Core CPI, excluding food and fuel, increased by +0.2% month-over-month and +2.6% year-over-year, which was below expectations of +0.3% and +2.7% respectively [1] - U.S. new home sales fell -0.1% month-over-month to 737K in October, surpassing expectations of 716K [1] Market Performance - Wall Street's major indexes closed lower, with software stocks declining after Anthropic's new tool announcement, leading to Salesforce dropping over -7% and Adobe falling more than -5% [2] - Credit card companies also saw declines, with Visa down over -4% and Mastercard dropping more than -3% following President Trump's proposal for a cap on credit card interest rates [2] - Moderna's shares surged over +17% after the CEO announced plans for a combined flu and COVID-19 vaccine launch within two years [2] Corporate Earnings - The fourth-quarter corporate earnings season is underway, with major U.S. banks like Bank of America, Wells Fargo, and Citigroup set to report [7] - S&P 500 companies are expected to see an average quarterly earnings increase of +8.4% for Q4 compared to the previous year [7] Federal Reserve Insights - The Federal Reserve is expected to maintain current interest rates, with a 97.2% probability of no change and a 2.8% chance of a 25 basis point cut at the January meeting [6] - Fed officials expressed that inflation risks are easing, with expectations for prices to align with the central bank's target later this year [5] International Market Developments - The Euro Stoxx 50 Index decreased by -0.10% amid cautious sentiment ahead of U.S. economic data and bank earnings [13] - Japan's Nikkei 225 Index reached a new record high, driven by potential political changes and strong performances in healthcare, energy, and banking sectors [17][18] - China's trade surplus hit a record $1.19 trillion in 2025, with exports rising +5.5% year-over-year, indicating robust manufacturing strength [15]