Wells Fargo says net interest income to be in low end of 2025 range

Reuters
11 Apr
Wells Fargo says net interest income to be in low end of 2025 range

By Arasu Kannagi Basil

NEW YORK, April 11 (Reuters) - Wells Fargo WFC.N expects net interest income could be in the low end of the 2025 forecast, its chief financial officer told an analysts call.

"We currently expect our full year 2025 net interest income to be in the low end of the range, still early in the year, and clearly we are entering a period with more volatility," Michael Santomassimo said.

Wells Fargo in its presentation had earlier reiterated its prior forecast that annual interest income would rise between 1% and 3% in 2025.

(Reporting by Saeed Azhar and Arasu Kannagi Basil)

((Saeed.Azhar@thomsonreuters.com; +1 347 908-6341; Reuters Messaging: saeed.azhar.reuters.com@reuters.net))

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