Wells Fargo, interest income
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Wells Fargo is expanding its healthcare team within its commercial bank and aims to hire more people at a time when the $1.95 trillion asset cap on the bank has been lifted.
Wells Fargo only derived 56% of its Q2 2025 revenues from net interest income, highlighting the bank's topline resilience in the face of looming Fed
Wells Fargo on Tuesday lowered its outlook net interest income, a key measure of profitability, sending shares lower.
Investors are eager to learn more about the bank’s growth plans and priorities since the Fed's punitive asset cap has been lifted.
Wells Fargo cut its 2025 net interest income forecast after a Q2 miss on margin, despite posting better-than-expected earnings and revenue for the quarter.
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In an earnings call Tuesday, CEO Charlie Scharf credited brokers in the firm's branches for working with commercial bankers for a 10% increase in new assets.
Employees rallied in Charlotte on Tuesday to call attention to allegations that a senior HR exec at the bank is coercing workers to decertify their union.