Wells Fargo (WFC) Tops Q2 Earnings and Revenue Estimates

Core Insights - Wells Fargo (WFC) reported quarterly earnings of $1.54 per share, exceeding the Zacks Consensus Estimate of $1.41 per share, and up from $1.33 per share a year ago, representing an earnings surprise of +9.22% [1] - The company posted revenues of $20.82 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.57% and showing a slight increase from $20.69 billion year-over-year [2] - Wells Fargo shares have increased approximately 18.8% year-to-date, outperforming the S&P 500's gain of 6.6% [3] Earnings Outlook - The future performance of Wells Fargo's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4][5] - The current consensus EPS estimate for the upcoming quarter is $1.53 on revenues of $21.3 billion, and for the current fiscal year, it is $5.87 on revenues of $83.69 billion [7] Industry Context - The Financial - Investment Bank industry, to which Wells Fargo belongs, is currently ranked in the top 13% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The performance of Wells Fargo's stock may also be influenced by the overall industry outlook and trends in earnings estimate revisions [5][8]