1128 ET - Wells Fargo cut its net interest income guidance for the year due to lower interest income from its markets business, which "was not in our bingo card," Truist analysts say in a research note. To be fair, JPMorgan lowered its markets-related net interest income guidance today too, the analysts say. Wells Fargo now expects the figure to be flat with last year's $47.7 billion. The consensus estimate on Wall Street was for $47.9 billion, "so a little downward pressure is likely," the analysts say. Wells Fargo shares slide 5.6%, a notable decline as other big bank stocks are performing relatively better. (dean.seal@wsj.com)

(END) Dow Jones Newswires

July 15, 2025 11:28 ET (15:28 GMT)

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