Key PointsThe bank topped analyst expectations on both headline numbers. Shares came off, though, on a revised outlook for lower net interest income. In the grand scheme of things, this is a minor headwind, and we expect the rally to get back on track. 5 stocks we like better than Wells Fargo & CompanyA 3% drop by lunchtime on Friday should tell you everything you need to know about the market's reaction to Wells Fargo & Company's NYSE: WFC earnings report. While the finer details will need to be examined m ...

智通财经APP获悉，1月12日，富国银行(WFC.US)公布2023年第四季度业绩。数据显示，该公司Q4总营收为205亿美元，同比增长2%，市场预期203亿美元;净利润为34亿美元，较上年同期的31.6亿美元增长了9%，与市场预期相符;摊薄后每股收益为0.86美元，较上年同期每股收益0.67美元增长了28.36%。 其中，净利息收入为128亿美元，同比下降5%，但超出了预期，表明该公司仍然受益于较高的利率;非利息收入为77亿美元，同比增长17%。 值得一提的是，富国银行在一份声明中表示，第四季度的支出为158亿美元，较上年同期下降了2%，而分析师此前预计将下降11%。其中包括11亿美元的裁员费用和向FDIC支付的19亿美元特别评估费。 据了解，富国银行第四季度的成本超出了预期，主要因为裁员费用的增加以及为补充联邦存款保险公司(FDIC)主要基金支付的特别评估费，后者是由于去年银行业的失败案例所致。 当前，该银行预计今年将再削减10亿美元的开支，全年成本预计降至526亿美元。与此同时，富国银行表示，今年的净利息收入可能下降高达9%，分析师此前预期下降6%。 此外，富国银行报告称，第四季度的净坏账核销额(Net ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank benefited from higher interest rates and cost-cutting efforts.Here's what the bank reported versus what Wall Street was expecting based on a survey of analysts by LSEG, formerly known as Refinitiv:·       Revenue: $20.48 billion vs. $20.30 billion expectedWells Fargo's stock fell 1% before the bell.Total revenue came in at $20.48 billion for the period. That's a 2% increase from the fourth quarter of 2022 when ...

Wells Fargo & Co (NYSE: WFC), on January 12th, reported a 9.0% increase in its fourth-quarter net income on the back of a 17% jump in noninterest income.Why is Wells Fargo stock trending down?Copy link to sectionThe financial services behemoth saw its net income come in at $3.44 billion – down 40% versus the previous quarter. On a per-share basis, Wells Fargo earned 86 cents in its Q4. Charlie Scharf – its chief executive said in a press release today: We continue to execute on our strategic priorities. We ...

Shares of Wells Fargo & Co. WFC, -0.08% dropped 1.8% toward a one-month low after the California-based bank reported fourth-quarter profit that just matched expectations and credit-loss provisions climbed, while revenue rose above forecasts. Net income rose to $3.45 billion, or 86 cents a share, from $3.16 billion, or 75 cents a share, in the year-ago period. The FactSet consensus for earnings per share was 86 cents. Revenue grew 2.2% to $20.48 billion, above the FactSet consensus of $20.30 billion. Provis ...

December was a huge month for major bank stocks, with Bank of America (BAC -0.40%) and Wells Fargo (WFC -0.68%) both gaining 10.4%, and PNC (PNC 0.19%) charging 15.6% higher, according to data provided by S&P Global Market Intelligence.The banking sector was lifted by the Federal Reserve's commentary following its Open Market Committee meeting on Dec. 13. The central bank had a more dovish tone than anticipated, openly suggesting that a shift away from restrictive monetary policy could be around the corner. ...

"Our Secret Numbers: Women, Men, and the Taboo Nature of Financial Health" finds 1 in 4 surveyed adults have never shared financial numbers like savings, spending and credit score with anyoneSurvey reveals 43% of women grapple with financial anxiety, compared to only 29% of menSAN FRANCISCO, Jan. 10, 2024 /PRNewswire/ -- For National Financial Wellness Month, Wells Fargo & Company (NYSE: WFC) and The Female Quotient (The FQ) are releasing the findings from a new research study conducted by The FQ, "Our Secr ...

SAN FRANCISCO--(BUSINESS WIRE)--Women-owned businesses continue to fuel the economy, representing 39.1% of all businesses – over 14 million – employing 12.2 million workers, and generating $2.7 trillion in revenue. According to the 2024 Wells Fargo Impact of Women-Owned Business Report, in partnership with Ventureneer, CoreWoman, and Women Impacting Public Policy (WIPP), the number of women-owned businesses between 2019 and 2023 increased at nearly double the rate of those owned by men; and from 2022 to 202 ...

智通财经APP获悉，富国银行(WFC.US)将于1月12日美股盘前公布第四季度财报。市场普遍预计，富国银行Q4营收为203.4亿美元，上年同期为196.6亿美元，每股收益为1.22美元，上年同期为0.61美元。 在过去的30天里，富国银行股价累计上涨约12%，超过了标普500指数2.85%的涨幅。然而，如果将范围扩大至一年，情况就大不相同了，该股的回报率约为17%，相比之下，标普500指数的涨幅超过23%。这在一定程度上是由于投资者不仅对经济发展方向，而且对整个银行业都持悲观态度。这一点在第四季度也表现得很明显，银行的贷款活动疲软，主要是由于利率持续高企等宏观因素。还有证据表明，本季度前两个月，商业和工业贷款需求减弱。 不过，富国银行仍有一些吸引人的特质，尤其是从资产负债表的角度来看，该银行不仅基本面强劲，而且为寻求稳定收入的投资者提供了2.80%的诱人股息收益率。此外，在上一季度，该银行的财务业绩有所改善，不仅实现了强劲的营收增长，而且通过专注于降低开支的方法，勤勉地管理成本，以应对通胀的不利因素，并实现更高的效率，从而使利润增长26%。尽管如此，考虑到富国银行在抵押贷款、信用卡和个人贷款等大型消费产品方面 ...