Exhibit 99.2 2Q24 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 | | | Combi ...

Key TakeawaysCiti, Wells Fargo and JPMorgan Chase will report earnings on Friday, with Bank of America to follow on Tuesday.Investors will be watching banks' levels and forecasts for net interest income, a key measure of lending profitability.Analysts expect some banks to slow plans for stock buybacks. Big bank earnings kick off Friday with Citi (C), Wells Fargo (WFC) and JPMorgan Chase (JPM) reporting their second-quarter results. Bank of America (BAC) is set to follow on Tuesday. Analysts expect few surp ...

Wall Street analysts expect Wells Fargo (WFC) to post quarterly earnings of $1.27 per share in its upcoming report, which indicates a year-over-year increase of 1.6%. Revenues are expected to be $20.28 billion, down 1.2% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings d ...

Wells Fargo & Company (WFC) is slated to report second-quarter 2024 results on Jul 12, before the market opens. WFC has an impressive earnings surprise history. The company’s earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, with an earnings surprise of 11.42%, on average.Image Source: Zacks Investment ResearchThis time, decent loan demand, higher rates, and modest mortgage banking performance are expected to aid the top line. In contrast, weakness in the company’s invest ...

The first half of 2024 was the banner one for the S&P 500 Index. It rallied 14.5% during the period, touching all-time highs several times.This also showed that the momentum that started in November 2023 has continued this year. The primary drivers for the steady uptrend in the index are the clarity on the path of interest rates and robust economic growth, along with persistently cooling inflation numbers. Thus, almost all the sectors within the S&P 500 Index rallied during the first half. Among the top thr ...

wdstock Current operating conditions are still not exactly easy for Wells Fargo (NYSE:WFC), even excluding the self-inflicted headwinds of past management mistakes. An asset-sensitive bank, higher-for longer rates haven’t been all that bad for this bank. Wells Fargo’s strong core deposit franchise has allowed it to maintain a better-than-average deposit beta that has helped offset some weak lending performances that have, at least in part, been driven by the compromises needed to comply with the ongoing ...

JHVEPhoto/iStock Editorial via Getty Images Introduction As mentioned in some of my previous articles, I’m trying to add some duration to my fixed income portfolio. Preferred shares are an important part of my income-focused portfolio, but I am keeping close tabs on the financial performance of the issuers on a quarterly basis, just to make sure I can take action if/when there’s a need to fine-tune my positions. My objective is to review these investments on a quarterly basis, which is even more importa ...

Wells Fargo & Company (WFC) is losing up to $10 million every month as a result of its co-branded credit card partnership with fintech firm Bilt Technologies, according to a WSJ article. After misestimating key revenue generators, the bank is renegotiating the agreement with Bilt Technologies.Launched in 2022, Well Fargo’s co-branded credit card came with an attractive feature. Cardholders can use it to pay rent without having to pay landlord fees while also earning rewards points that can be spent on trave ...

In the latest trading session, Wells Fargo (WFC) closed at $59.05, marking a +1.39% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.25% for the day. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.03%.The biggest U.S. mortgage lender's shares have seen a decrease of 4.05% over the last month, not keeping up with the Finance sector's loss of 2.3% and the S&P 500's gain of 3.34%.The upcoming earnings release of Wells Fargo will ...

Wells Fargo reportedly handed more than a dozen employees pink slips last month after an investigation found they were faking work. Bloomberg first reported Thursday that, according to the bank's disclosures to the Financial Industry Regulatory Authority, the workers — all from the firm's wealth and investment management unit — were "discharged after review of allegations involving simulation of keyboard activity creating impression of active work." A spokesperson told Reuters in a statement "Wells Fargo ho ...