Wells Fargo CFO Mike Santomassimo said the bank expects net interest income to increase this quarter and reiterated full-year NII guidance of about $50 billion. The update signals stable-to-improving core earnings power from lending margins, with no change to the bank's annual outlook. The news is supportive for Wells Fargo shares but is likely limited in broader market impact.
Wells Fargo CFO Mike Santomassimo said the bank expects net interest income to increase this quarter and reiterated full-year NII guidance of about $50 billion. The update signals stable-to-improving core earnings power from lending margins, with no change to the bank's annual outlook. The news is supportive for Wells Fargo shares but is likely limited in broader market impact.
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