Wells Fargo & Company Q4 Earnings Call Highlights

Expense management remained a central theme. Scharf noted the company generated positive operating leverage and said Wells Fargo has reduced headcount for 22 consecutive quarters, with headcount down more than 25% since the second quarter of 2020. The company returned $23 billion of capital to shareholders in 2025, including a 13% increase in the common dividend per share and $18 billion of common stock repurchases. Scharf said the bank expects share repurchases to be lower in 2026 given opportunities for o ...