[Table_Title] 研究报告 Research Report 12 Jul 2024 富国银行 Wells Fargo & Co (WFC US) 营收利润超预期,净利息收入和不良率不及预期 Revenue & Profit Beat, NII and NPL Ratio Miss 周琦 Nicole Zhou, CFA 林加力 Jiali Lin nicole.q.zhou@htisec.com jiali.lin@htisec.com [Table_yemei1] 热点速评 Flash Analysis [Table_summary] (Please see APPENDIX 1 for English summary) 事件 富国银行(WFC.US)发布 2024 年二季度业绩报告。 点评 24Q2 营收、利润超预期,净利息收入不及预期,非息收入超预期,除商业银行业务以外各业务条线超预期: 营收同比增速为+0.8%,优于彭博一致预期的-1.2%。净利息收入和非息收入超出彭博一致预期。各业务条线来 看,除了商业银行业务收入不及预期,财富及投资管理业务、公司投行业务和零售银行信贷业务收入均超出 一致 ...

The second quarter of the 2024 earnings season has just kicked off, and the financial sector is again under the spotlight. Bank stocks are leading the pack in letting markets know how the economy is doing so far into the year's second half. However, not all bank stocks are made equal. There are typically two extremes and a middle ground regarding exposure to the business cycle.Wells Fargo & Company TodayWFCWells Fargo & Company$56.54 -3.62 (-6.02%) 52-Week Range$38.38▼$62.55Dividend Yield2.48%P/E Ratio11.80 ...

Wells Fargo's recent earnings disappointed investors, but there's a lot to like from a long-term perspective.Wells Fargo (WFC -6.02%) disappointed investors with its latest quarterly earnings, and the stock dropped by about 7% after the numbers were released. In this video, I'll give a rundown of the numbers and why I think now could be an exciting buying opportunity.*Stock prices used were the morning prices of July 12, 2024. The video was published on July 12, 2024. ...

Key TakeawaysThe S&P 500 added 0.6% on Friday, July 12, 2024, as the tech sector rebounded and earnings season kicked into gear with reports from numerous banking giants.Enphase Energy shares shined as the firm launched new solar equipment that can help U.S. customers qualify for federal tax credits.Shares of Wells Fargo tumbled after the bank reported a decline in net interest income. After briefly hitting the pause button on the market rally on Thursday, major U.S. equities indexes roared back on Friday. ...

Wells Fargo & Company (NYSE:WFC) Q2 2024 Earnings Conference Call July 12, 2024 10:00 AM ET Company Participants John Campbell - Director of IR Charlie Scharf - CEO Mike Santomassimo - CFO Conference Call Participants Ken Usdin - Jefferies John Pancari - Evercore ISI Ebrahim Poonawala - Bank of America Erika Najarian - UBS Matt O'Connor - Deutsche Bank Betsy Graseck - Morgan Stanley Gerard Cassidy - RBC Capital Markets Steven Chubak - Wolfe Research Operator Welcome, and thank you for joining the Wells Farg ...

Banks today are caught between an ongoing digital shift and a challenging macro environment.With the release of Wells Fargo’s second quarter 2024 earnings on Friday (July 12), deftly navigating the two, as well as staying on top of compliance and risk management, was revealed to be top of mind for financial institutions and their leadership.“Our efforts to transform Wells Fargo were reflected in our second quarter financial performance,” said the banks’ Chief Executive Officer Charlie Scharf on Friday’s ear ...

The quarter was fine, but the guidance failed to impress.Banking giant Wells Fargo (WFC -5.70%) reported earnings results today, surpassing quarterly expectations, but its full-year guidance underwhelmed. Investors are viewing the glass as half-empty, sending Wells Fargo shares down 7% as of 11 a.m. ET.High rates are causing headachesWells Fargo has done a good job rebounding after a difficult period, but the higher-for-longer interest rate cycle has weighed heavily on banks this year. Wells Fargo reported ...

Shares of Wells Fargo & Company (WFC) lost 5% in the pre-market session as investors expressed concern regarding the decline in the loan balance. Its second-quarter 2024 earnings per share of $1.33 surpassed the Zacks Consensus Estimate of $1.27. In the prior-year quarter, the company reported earnings per share of $1.25.Results benefited from higher non-interest income. An improvement in capital ratios and a decline in provisions were other positives. However, the decrease in net interest income (NII), as ...

Wells Fargo (WFC) reported $20.69 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.8%. EPS of $1.33 for the same period compares to $1.25 a year ago.The reported revenue represents a surprise of +2.05% over the Zacks Consensus Estimate of $20.27 billion. With the consensus EPS estimate being $1.27, the EPS surprise was +4.72%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

KEY TAKEAWAYSWells Fargo shares sank Friday after the lender reported a slump in second-quarter net interest income that offset higher-than-forecast results.Net interest income, a key measure of lending profitability, fell about 9% year-over-year to $11.9 billion during the three months ended June 30. The slump in net interest income overshadowed results that beat Wall Street analysts' estimates. Wells Fargo (WFC) shares sank Friday after the lender reported a slump in second-quarter net interest income tha ...