
Jan 14 (Reuters) - Wells Fargo & Co WFC.N:
2026 NII EXCLUDING MARKETS IS EXPECTED TO INCREASE FROM 2025
Q4 RESULTS INCLUDED $612 MILLION, OR $0.14 PER SHARE, OF SEVERANCE EXPENSE
ACHIEVED OUR PRIOR ROTCE TARGET OF 15% AND HAVE SET A NEW MEDIUM-TERM TARGET OF 17-18%
Q4 NET INCOME, EXCLUDING A NOTABLE ITEM, OF $5.8 BILLION, OR $1.76 PER DILUTED SHARE
2026 MARKETS NII IS EXPECTED TO INCREASE ON LOWER SHORT-TERM FUNDING COSTS AND GROWTH IN THE BALANCE SHEET
OUTLOOK 2026 EXPENSES ABOUT $55.7B - PRESENTATION
OUTLOOK 2026 MARKETS NII ABOUT +/- $2B - PRESENTATION
OUTLOOK 2026 NET INTEREST INCOME EX-MARKETS +/- $48B - PRESENTATION
IN Q3, MOVED ABOUT $8 BILLION LOANS, $6 BILLION DEPOSITS FROM COMMERCIAL BANKING OPERATING UNIT TO CONSUMER & SMALL BUSINESS BANKING
OUTLOOK 2026 NET INTEREST INCOME +/- $50B - PRESENTATION