Q2 Earnings Snapshot
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Wells Fargo beat Q2 earnings estimates with $1.60 EPS, lifted by strong fee income, while net interest income declined and guidance was lowered.
JPMorgan Chase and Wells Fargo saw a surge in mortgage originations in Q2 2025, but the gains in volume came with lower margins.
US banking giants beat Q2 forecasts as investment banking rebounds, though concerns remain over trade policy and macroeconomic conditions.
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The bank has managed to reduce its total number of troubled CRE loans over the last year despite adding 90 more loans for apartments to the list.
S&P 500 EPS growth is expected to come in at 4.8% for Q2, which would be the lowest growth rate since Q4 2023.
Revenue came in at $20.8 billion, up about 1% from the same time last year. That modest gain was mostly thanks to a 4% increase in noninterest income. Net interest income, on the other hand, slipped a bit, something that’s becoming a trend across banks with tighter margins.