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Wells Fargo Raises Estimates of 2025 Noninterest Expenses
Barrons· 2025-10-14 19:16
A sign is posted in front of a Wells Fargo bank office in San Rafael, California. (Justin Sullivan/Getty Images) Wells Fargo raised expectations for 2025 noninterest expenses, which the bank now anticipates will be about $54.6 billion. That's up from prior guidance of about $54.2 billion, according to earnings presentation materials posted to the company's website Tuesday. The change reflects higher severance expenses of about $200 million and higher revenue-related compensation expenses of approximately $2 ...