Wells Fargo (WFC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this biggest U.S. mortgage lender have returned +3.1% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Banks - Major Regional industry, to which Wells Fargo belongs, has gained 1.9% over this period. Now the key question is: Where could the stock be headed in the near term ...

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.35 per share, payable March 1, 2024, to stockholders of record on Feb. 2, 2024. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, thro ...

Justin Sullivan Wells Fargo & Company (NYSE:WFC) has been a long-running turnaround story. Since running into trouble thanks to its fake accounts scandals in the late 2010s, the bank has underperformed most of its large rivals. It has dealt with high legal and compliance costs, regulatory limits to growth, and a tarnished reputation with consumers. My view, however, is that Wells Fargo can be fixed and that CEO Charlie Scharf is the right person to do it. While WFC stock has had an uneven run in recent y ...

Wells Fargo benefited from a strong economic environment and higher interest rates in 2023.Wells Fargo CEO and President Charlie Scharf said Friday (Jan. 12) during the bank’s quarterly earnings call that the bank also benefited from its continuing focus on efficiency and credit discipline.“We grew net income and diluted earnings per share with higher revenue and lower expenses,” Scharf said during the call. “Revenue growth was driven by strong growth in net interest income as well as higher noninterest inc ...

4Q23 Financial Results January 12, 2024 © 2024 W ...

Wells Fargo & Company (NYSE:WFC) Q4 2023 Earnings Conference Call January 12, 2024 10:00 AM ET Company Participants John Campbell – Director-Investor Relations Charlie Scharf – Chief Executive Officer Mike Santomassimo – Chief Financial Officer Conference Call Participants Steven Chubak – Wolfe Research John McDonald – Autonomous Research Ken Houston – Jefferies Scott Siefers – Piper Sandler Ebrahim Poonawala – Bank of America Erika Najarian – UBS John Pancari – Evercore ISI Gerard Cassidy – RBC Capital Mar ...

Key TakeawaysWells Fargo & Co. warned of declining interest income this year on expected Federal Reserve interest rate cuts.Wells Fargo said it sees 2024 net interest income falling by 7% to 9%.In its fiscal 2023 fourth quarter, Wells Fargo beat profit and sales estimates on gains in corporate and investment banking and commercial banking.Shares of Wells Fargo & Co. (WFC) were down almost 4% Friday after the bank warned interest income could fall significantly in 2024 as borrowing costs decline.The company ...

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 ...