Wells Fargo(US:WFC) 智通财经网·2025-07-15 12:36Group 1 - Wells Fargo unexpectedly lowered its full-year net interest income (NII) guidance after a quarter of moderate growth, with NII recorded at $11.7 billion, slightly below analysts' expectations of $11.8 billion [1] - The bank's NII growth target for the year has been revised to be flat compared to last year, down from a previous forecast of 1% to 3% growth, primarily due to a decline in market-related NII [1] - Despite the NII decline, the quality of Wells Fargo's credit business remains strong, with net charge-offs down 23% year-over-year and credit loss reserves at $1 billion, lower than the expected $1.16 billion [1] Group 2 - Wells Fargo, along with other major banks, kicked off the earnings season, with expectations of a strong economic "soft landing" and regulatory easing under the Trump administration [2] - The KBW Bank Index has risen to near 2025 highs, driven by strong U.S. economic resilience and favorable regulatory changes anticipated for the banking sector [2] Group 3 - In a significant victory, Wells Fargo's CEO announced the lifting of a regulatory asset cap that had been in place since late 2017, allowing for potential growth and expansion in large merger transactions and market-making activities [3] - The bank plans to leverage trading-related activities to drive NII back to a strong growth trajectory, as it can earn interest from holding bonds and margin loans [3] Group 4 - Following the Federal Reserve's annual stress test, Wells Fargo announced plans to increase its common stock dividend by 12.5% to $0.45 per share, pending board approval, and has initiated a $40 billion stock buyback program [4]