Wells Fargo's profit beat expectations in the fourth quarter powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year. The bank's shares rose 3.5% to $73.

Wells Fargo CEO Charlie Scharf validates some of the optimism, telling analysts he feels "really great about our progress." But he said executives "don't want to get ahead of ourselves."

The bank laid out digital enhancements to its mobile app and plans to generate growth as regulatory burdens lift.

Wells Fargo & Co. reported Wednesday that a series of recent business exits and heightened emphasis on fee revenue boosted fourth-quarter net income by 47.4% to $5.08 billion.

Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year, sending shares up 6%.

Wells Fargo's fourth-quarter profit beat Wall Street expectations as a rebound in dealmaking activity bolstered the lender's investment banking business. Shares of the bank rose 3.1% to $73.40 in premarket trading on Wednesday after it also forecast net interest income (NII) — or the difference between what it earns on loans and pays out for deposits — would increase in 2025.

Wells Fargo & Co. (NYSE: WFC), Bank of America Corp. (NYSE: BAC) and Truist Financial Corp. (NYSE: TFC) are scheduled to release their fourth-quarter 2024 earnings on Jan. 15, Jan. 16 and Jan. 17, respectively.

The fourth-quarter earnings report from Wells Fargo & Co. was overshadowed by the disclosure of three more former senior executives being fined a combined $18.5 million by the bank's federal

Citing concerns about going outside its statutory mandate, the Federal Reserve Board of Governors voted to leave the Network of Central Banks and Supervisors for Greening the Financial System.

The stock market was having a generally strong day to start the week, with the S&P 500 up by about 0.6% as of 2:45 p.m. EST. Instead, the move is being fueled by the announcement that the Federal Reserve's top banking regulator,

Three former Wells Fargo executives must pay $18.5 million for their role in the bank’s widespread fake sales accounts scandal that came to light nearly a decade ago.

We recently published a list of 10 Best Bank Stocks to Buy in 2025. In this article, we are going to take a look at where Wells Fargo & Company (NYSE:WFC) stands against other best bank stocks to buy in 2025.