Wells Fargo's Net Interest Income Shrinks In Q2, Bank Trims Outlook

Wells Fargo & Company (NYSE:WFC) reported a net interest income of $11.71 billion on Tuesday, down 2% year over year in the second quarter of 2025.

Lower net interest income 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.

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.

Noninterest income increased 4%, and included the gain associated with the merchant services joint venture acquisition, an increase in asset-based fees in Wealth and Investment Management on higher market valuations, and higher investment banking fees, partially offset by lower net gains from trading in the Markets business.

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