Get access to our best features
Get access to our best features
Published

Wells Fargo earnings climb as investment banking shines

  • Wells Fargo reported better-than-expected earnings with net income of $5.1 billion, which is 47% higher than the previous year's fourth quarter figure.
  • The bank's investment banking fees increased by 59% to $725 million in the fourth quarter compared to a year earlier.
  • Wells Fargo expects its net interest income for 2025 to be 1% to 3% higher than the previous year's $47.7 billion.
  • The bank's stock rose nearly 43% in 2024, outperforming rivals like JPMorgan and Bank of America.
Insights by Ground AI
Does this summary seem wrong?
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources are Center
50% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)