June 12, 2025 — New York, NY: Wells Fargo & Co. (NYSE: WFC) closed Thursday at $73.23, marking a 2.27% drop on the day and continuing a downward trend from its recent high of $81.50. The dip follows the release of the bank’s latest financial data, which revealed a year-over-year revenue decline despite improvements in profitability.
The financial giant reported $19.22 billion in revenue for the March 2025 quarter, down 3.55% from the same period last year. However, net income rose 5.95% to $4.89 billion, reflecting tighter cost controls and improved operational efficiency. Earnings per share (EPS) came in at $1.28, up from $1.02 a year ago.
Margin Expansion Amid Cost Reductions
Wells Fargo successfully trimmed its operating expenses to $13.89 billion, a 3.12% decrease year-over-year. The bank’s net profit margin expanded to 25.47%, up nearly 10%, a positive signal for investors concerned about the bottom line in a cooling economic environment.
The bank’s effective tax rate dropped to 9.8%, contributing further to the improved profitability. Analysts point to cost discipline and a focus on high-return business segments as key factors supporting the earnings uptick.
Dividend and Valuation Overview
With a dividend yield of 2.19% and a price-to-earnings (P/E) ratio of 13.15, Wells Fargo continues to attract income-focused investors. The company’s market cap currently stands at $239.8 billion, placing it among the largest U.S. banks by valuation.
Despite the recent dip, Wells Fargo remains well above its 52-week low of $50.15, though still below its yearly high. The stock has shown resilience in 2025, but investors are now watching closely to see whether revenue growth can rebound in the second half of the year.