Wells Fargo Expects More Interest Income in 2025 -- Market Talk

Dow Jones

Jan 15, 2025

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)

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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) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 15, 2025 09:09 ET (14:09 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wells Fargo Expects More Interest Income in 2025 -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWells Fargo Expects More Interest Income in 2025 -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-15 22:09</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 15, 2025 09:09 ET (14:09 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0162691827.USD","symbol_name":"BGF US BASIC VALUE \"A4\" INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503033641","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503033641","pubTimestamp":1736950140,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0909 ET - Wells Fargo is projecting net interest income to be about 1% to 3% higher in 2025. 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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) \n\n\n  (END) Dow Jones Newswires\n\n\n  January 15, 2025 09:09 ET (14:09 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}