0909 ET - Wells Fargo is projecting net interest income to be about 1% to 3% higher in 2025. The bank is expecting average loans to grow modestly helped by growth in auto lending and credit card balances, and for average deposits to tick up across all operating segments, allowing for a pullback in higher-cost market funding. Interest income should also benefit from a repositioning of Wells Fargo's investment portfolio that occurred in the second half of 2024, the bank says. Trading-related net interest income is estimated to come in higher as well, though it will be largely offset by a drop in trading-related noninterest income, Wells Fargo says. Wells Fargo climbs 5% premarket. (dean.seal@wsj.com)
(END) Dow Jones Newswires
January 15, 2025 09:09 ET (14:09 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。