Wells Fargo (WFC) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.55%. A quarter ago, it was expected that this biggest U.S. mortgage lender would post earnings of $1.16 per share when it actually produced earnings of $1.29, delivering a surprise of 11.21%.Over the last four quarte ...

A woman walks past Wells Fargo bank in New York City, U.S., March 17, 2020.Wells Fargo shares fell Friday after the bank reported first-quarter earnings that showed a decline in interest income.Wells said its net interest income decreased 8% in the quarter, due to the impact of higher interest rates on funding costs, including the impact of customer migration to higher yielding deposit products.Here's how the company performed compared with what Wall Street was anticipating, based on a survey of analysts by ...

Wells Fargo & Co (NYSE: WFC), on April 12th, reported a year-on-year decrease in its first-quarter net income for the first earnings report of FY 2024. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Net income for the quarter came in at $4,.61 billion, below Q1 of 2023’s $4.99 billion. Diluted earnings per common share were reported to be $1.20. In contrast, Q1 of 2023 posted an EPS of $1.23 diluted earnings per common share. Ahead of the earnings, ...

Exhibit 99.2 1Q24 Quarterly Supplement Wells Fargo & Company and Subsidiaries QUARTERLY FINANCIAL DATA TABLE OF CONTENTS Page Consolidated Results Summary Financial Data 3 Consolidated Statement of Income 5 Consolidated Balance Sheet 6 Average Balances and Interest Rates (Taxable-Equivalent Basis) 7 Reportable Operating Segment Results Combined Segment Results 8 Consumer Banking and Lending 9 Commercial Banking 11 Corporate and Investment Banking 13 Wealth and Investment Management 15 Corporate 16 Credit-Re ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Wells Fargo (WFC) . This company, which is in the Zacks Banks - Major Regional industry, shows potential for another earnings beat.This biggest U.S. mortgage lender has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past t ...

Earnings season is back and Wells Fargo (WFC) is set to report on Friday before the opening bell. The options market is pricing in a 4.3% move in either direction. Today, we're looking at selling a cash secured put on Wells Fargo stock to take advantage of the high implied volatility around the earnings announcement.X Cash-Secured Put On Wells Fargo StockA cash-secured put involves selling an at-the-money or out-of-the-money put option. You simultaneously set aside enough cash to buy the stock.The goal is t ...

Wells Fargo & Company (WFC) is scheduled to report first-quarter 2024 results on Apr 12, before the opening bell. The company’s quarterly revenues and earnings are expected to have declined year over year.In the last reported quarter, WFC’s earnings beat the Zacks Consensus Estimate on higher non-interest income. An improvement in capital ratios and a decline in expenses were other positives. However, the decline in net interest income (NII), worsening credit quality and a dip in loan balances were the unde ...

Analysts on Wall Street project that Wells Fargo (WFC) will announce quarterly earnings of $1.08 per share in its forthcoming report, representing a decline of 12.2% year over year. Revenues are projected to reach $20.16 billion, declining 2.7% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.B ...

Wells Fargo (WFC) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 12. On t ...

The latest trading session saw Wells Fargo (WFC) ending at $57.13, denoting a -0.38% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.11%. Meanwhile, the Dow experienced a drop of 0.11%, and the technology-dominated Nasdaq saw an increase of 0.23%.The biggest U.S. mortgage lender's stock has climbed by 1.33% in the past month, falling short of the Finance sector's gain of 2.37% and the S&P 500's gain of 1.5%.Analysts and investors alike will be keeping a close eye on the ...