Wells Fargo and BlackRock both reported their Q2'25 earnings but experienced significant stock declines of 4.5% and 6.4%, respectively. Wells Fargo's adjusted EPS was $1.60, representing a year-over-year increase of 20%, with total revenue at $20.822 billion, up 1%. BlackRock faced a general downturn in the financial sector, although specific performance details were not outlined. Other major financial institutions such as JPMorgan also reported declines while Citigroup saw an increase of 1.4%, showcasing a mixed performance across the financial space.
Wells Fargo reported Q2'25 earnings with an adjusted EPS of $1.60, up 20% YoY, but the stock is down 4.5%. Current revenue is $20.822B, up 1% YoY.
BlackRock also reported earnings and is down 6.4%, reflecting a broader downturn in the financial sector despite strong performance in parts of their operations.
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