Wells Fargo shares jump after earnings beat, strong 2025 guidance

Core Insights - Wells Fargo reported a net income of $5.1 billion, or $1.43 per diluted common share, which is 47% higher than the previous year's fourth quarter [1] - The bank expects net interest income for 2025 to be 1% to 3% higher than the 2024 figure of $47.7 billion [2] - The bank's investment banking fees increased by 59% to $725 million in the fourth quarter compared to the previous year [3] Financial Performance - Adjusted earnings per share were $1.42, surpassing the expected $1.35 [4] - Total revenue was reported at $20.38 billion, slightly below the expected $20.59 billion [4] Management Commentary - CEO Charlie Scharf highlighted the solid performance and significant progress made over the year, emphasizing improvements in earnings profile and customer service [3] - The company returned approximately $25 billion of capital to shareholders and made notable advancements in risk and control measures [3]