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 | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Wells Fargo & Company WFC will release earnings results for its third quarter before the opening bell on Friday, Oct. 11.Analysts expect the San Francisco-based bank to report quarterly earnings at $1.28 per share, down from $1.48 per share in the year-ago period. Wells Fargo projects to report revenue of $20.41 billion for the recent quarter, according to data from Benzinga Pro.On Sept. 12, Wells Fargo said it reached a formal agreement with the OCC to enhance its anti-money laundering and sanctions risk m ...

$3.75 million grant from Wells Fargo to provide employers with free neurodiversity education, training, academic research, and talent connectionsSTORRS, Conn., Oct. 10, 2024 /PRNewswire/ -- Wells Fargo has partnered with the University of Connecticut's Center for Neurodiversity & Employment Innovation to introduce free neurodiversity workshops for corporate America. The new workshops, an academic and corporate collaboration, aim to provide instruction to key leaders from Fortune 500 companies to help design ...

Analysts and investors are keenly observing the stock performance of JPMorgan Chase & Co JPM and Wells Fargo & Co WFC ahead of their third-quarter earnings reports on Oct. 11. Both banks are showcasing strong technical indicators, but which stock charts a more bullish path?JPMorgan Chase: Strong Bullish SignalsJPMorgan is expected to report earnings of $4.01 per share on revenues of $41.66 billion. The stock is currently priced at $213.42, slightly above its analyst consensus target price of $207.17. Consen ...

Wells Fargo & Company WFC will release earnings results for its third quarter before the opening bell on Friday, Oct. 11.Analysts expect the San Francisco-based bank to report quarterly earnings at $1.28 per share, down from $1.48 per share in the year-ago period. Wells Fargo projects to report revenue of $20.41 billion for the recent quarter, according to data from Benzinga Pro.Some Wells Fargo investors may be eyeing potential gains from the company's dividends. Wells Fargo currently offers an annual divi ...

Wells Fargo & Company (WFC) is slated to report third-quarter 2024 earnings on Oct. 11, before market open. The bank’s earnings and revenues in the to-be-reported quarter are expected to have declined from the year-ago reported figures. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.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 provisions were other positives. WFC has a ...