Wells Fargo & Company (WFC) reported its third-quarter 2024 adjusted earnings per share of $1.52, which surpassed the Zacks Consensus Estimate of $1.27. In the prior-year quarter, the company reported earnings per share of $1.39.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.Results benefited from higher non-interest income. An improvement in capital ratios, a decline in provisions and non-interest expenses were other positives. However, the decrease in net interest income ( ...

Wells Fargo & Company (NYSE:WFC) Q3 2024 Earnings Conference Call October 11, 2024 10:00 AM ET Company Participants John Campbell - Director of IR Charlie Scharf - CEO Mike Santomassimo - CFO Conference Call Participants Scott Siefers - Piper Sandler Ebrahim Poonawala - Bank of America Erika Najarian - UBS Betsy Graseck - Morgan Stanley Matt O'Connor - Deutsche Bank David Long - Raymond James John Pancari - Evercore ISI Gerard Cassidy - RBC Capital Markets Operator Welcome and thank you for joining the Well ...

Banking giant Wells Fargo & Co (NYSE:WFC) is one of several big finance firms that are fresh off an early morning earnings report. WFC is up 5% to trade at $60.73 at last check, boosted by its third-quarter top- and bottom-line wins. Wells Fargo posted third-quarter earnings of $1.52 on revenue of $20.37 billion.Today's pop has WFC breaking above recent resistance at the 120-day moving average and $58 level. In fact, the shares, which are pacing for their best  daily percentage pop since Feb. 15, are poised ...

Key TakeawaysWells Fargo shares rose roughly 6% Friday morning following the release of third-quarter results that beat analysts' consensus estimates.Revenue and profit fell year-over-year, but not by as much as analysts anticipated.Wells Fargo stock is up about 25% this year. Wells Fargo (WFC) shares rose roughly 6% Friday morning after the bank reported better-than-expected third-quarter revenue and profit. The lender reported $5.11 billion in net income for the quarter, down from $5.77 billion last year ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Wells Fargo (WFC) reported $20.37 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 2.4%. EPS of $1.52 for the same period compares to $1.39 a year ago.The reported revenue represents a surprise of -0.07% over the Zacks Consensus Estimate of $20.38 billion. With the consensus EPS estimate being $1.27, the EPS surprise was +19.69%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

3Q24 Financial Results October 11, 2024 © 2024 Wells Fargo Bank, N.A. All rights reserved. 3Q24 results Financial Results ROE: 11.7% ROTCE: 13.9%1 Efficiency ratio: 64%2 • Net income of $5.1 billion, or $1.42 per diluted common share, included: – $(447) million, or $(0.10) per share, of net losses on debt securities related to a repositioning of the investment securities portfolio • Revenue of $20.4 billion, down 2% – Net interest income of $11.7 billion, down 11% – Noninterest income of $8.7 billion, up 12 ...

Wells Fargo (WFC) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.69%. A quarter ago, it was expected that this biggest U.S. mortgage lender would post earnings of $1.27 per share when it actually produced earnings of $1.33, delivering a surprise of 4.72%.Over the last four quarter ...

Wells Fargo bank signage is seen on Broadway on April 12, 2024 in New York City.Wells Fargo reported lower earnings and revenue in the third quarter than a year ago on Friday amid a sizable decline in net interest income.Here's what the bank did compared with Wall Street estimates, based on a survey of analysts by LSEG:Earnings per share: $1.42 per share, not comparable to the $1.28 cents estimateRevenue: $20.37 versus $20.42 billion expectedShares of the bank rose 3% in premarket trading after the results. ...

Exhibit 99.2 3Q24 Quarterly Supplement Wells Fargo & Company and Subsidiaries QUARTERLY FINANCIAL DATA TABLE OF CONTENTS | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...