JPMorgan Flexes Revenue Muscle Again As Wells Fargo Battles NII Woes

Wells Fargo & Company (NYSE:WFC) shares dipped after the banking giant reported mixed second-quarter 2025 earnings. While the company surpassed analyst expectations for earnings per share and revenue, a significant downward revision in its full-year net interest income (NII) forecast, a key profitability metric, raised investor concerns.

This adjustment, driven by a weaker performance in its Markets division, overshadowed otherwise solid results and drew comparisons to the robust performance of peers like JPMorgan Chase & Co.’s (NYSE:JPM).

Wells Fargo reported a NII of $11.71 billion on Tuesday, down 2% year over year in the second quarter of 2025.

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The bank reported earnings of $1.60 per share, beating the consensus of $1.40.  Revenue increased 1% year over year to $20.82 billion. Analysts expected $20.78 billion.

Lower NII was driven by the impact of lower interest rates on floating rate assets and deposit mix changes, partially offset by lower market funding and deposit pricing.

For fiscal year 2025, Wells Fargo expects NII to be roughly in line with the 2024 ...