In an earnings call Tuesday, CEO Charlie Scharf credited brokers in the firm's branches for working with commercial bankers for a 10% increase in new assets.

Investors are eager to learn more about the bank’s growth plans and priorities since the Fed's punitive asset cap has been lifted.

Wells Fargo has marked a significant milestone in its transformation journey with the removal of the asset cap. This development comes as the company continues to deliver stronger financial results, driven by investments in its businesses and a disciplined approach to expenses.

Wells Fargo beat Q2 earnings estimates with $1.60 EPS, lifted by strong fee income, while net interest income declined and guidance was lowered.

Fed stress test success, dividend hike, and growth momentum. Read why I believe WFC is a dividend income champ with further upside.

Wells Fargo (NYSE:WFC) recently introduced a new fixed-income offering of 4.75% Senior Unsecured Notes due 2030, which could have supported the company's notable share price increase of 23% over the last quarter.

JPMorgan Chase and Wells Fargo saw a surge in mortgage originations in Q2 2025, but the gains in volume came with lower margins.

Wells Fargo (WFC) came out with quarterly earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.33 per share a year ago. These figures are adjusted for non-recurring items.

JPMorgan Chase, Wells Fargo and Citigroup are among heavyweights reporting second-quarter results today. Profits for S&P 500 companies in the second quarter are expected to rise 5.8%, according to LSEG data, down from a forecast of 10.2% on April 1, before U.S. President Donald Trump launched his trade war.