Goldman Sachs (GS) reported third-quarter earnings that were better than analysts expected Tuesday morning, continuing a stretch of strong big bank earnings kicked off last week by rivals JPMorgan Chase (JPM) and Wells Fargo (WFC). The shares edged higher in early trading after the firm reported $12.7 billion in total revenue, above the $11.82 billion Goldman reported a year ago and ahead of analysts' consensus as compiled by Visible Alpha. Net interest income (NII) came in at $2.62 billion, up from $1.55 ...

Goldman Sachs (GS) reported third-quarter earnings that were better than analysts expected Tuesday morning, continuing a stretch of strong big bank earnings kicked off last week by rivals JPMorgan Chase (JPM) and Wells Fargo (WFC). The shares rose more than 3% premarket after the firm reported $12.7 billion in total revenue, above the $11.82 billion Goldman reported a year ago and ahead of analysts' consensus as compiled by Visible Alpha. Net interest income (NII) came in at $2.62 billion, up from $1.55 bi ...

Wells Fargo & Company WFC reported better-than-expected earnings for its third quarter on Friday.It reported a GAAP EPS of $1.42, beating the consensus of $1.28. Revenue fell 2% to $20.37 billion. Analysts expected $20.41 billion.CEO Charlie Scharf commented, "Our earnings profile is very different than it was five years ago as we have been making strategic investments in many of our businesses and de-emphasizing or selling others. Our revenue sources are more diverse and fee-based revenue grew 16% during t ...

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[Table_Title] 研究报告 Research Report 11 Oct 2024 富国银行 Wells Fargo & Co (WFC US) 利润超预期，净利息收入和净息差不及预期 Profit Beat, NII and NIM Miss 周琦 Nicole Zhou, CFA 林加力 Jiali Lin nicole.q.zhou@htisec.com jiali.lin@htisec.com [Table_yemei1] 热点速评 Flash Analysis [(PTable_summary] lease see APPENDIX 1 for English summary) 事件 富国银行（WFC.US）发布 2024 年三季度业绩报告。 点评 24Q3 营收不及预期，利润超预期，净利息收入不及预期，非息收入超预期，各业务条线超预期： 营收同比增速为-2.4%，弱于彭博一致预期的-2.2%。净利息收入弱于彭博一致预期，非息收入超出彭博一致预 期。各业务条线来看，商业银行业务收入、财富及投资管理业务、公司投行业务和零售银行信贷业务收入均超 出一致预期。 o 净利息收入同比-10.8%，弱 ...

Lower inflation and interest rates may give some relief to consumers who need it most, Wells Fargo CEO Charlie Scharf said Friday (Oct. 11).Speaking during the company’s quarterly earnings call, Scharf said the bank has not seen changes in delinquencies or spending that would signal declining consumer health, but it has seen stress among lower-income consumers.“We continue to see more pronounced stress in certain customer segments with lower deposit and asset levels where inflation has partially offset stro ...

The market liked what it saw in the quarterly releases from JPMorgan (JPM) and Wells Fargo (WFC) , even though Wells Fargo came up short on the top-line while JPMorgan beat both top- and bottom-line expectations.Even more important than the two banks’ Q3 EPS and revenue surprises is their favorable commentary on business trends and the economy's overall health. Questions about the economy’s outlook have been front and center for the market lately, with some in the market fearing that the Fed may have delaye ...

Wells Fargo & Company (NYSE:WFC) announced its Q3 earnings on Friday, and investors are enthusiastic, with shares jumping about 6% on the news. And that's an understandable reaction. A quick glance at the results shows that Wells Fargo is doing an excellent job operationally, making the absolute most of the current operating environment despite facing significant regulatory constraints. However, when taking a closer look at the core metrics, I see reasons for caution as we head toward 2025. To be clear, I'v ...

Wells Fargo & Company (WFC) reported its third-quarter 2024 adjusted earnings per share of $1.52, which surpassed the Zacks Consensus Estimate of $1.27. In the prior-year quarter, the company reported earnings per share of $1.39.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.Results benefited from higher non-interest income. An improvement in capital ratios, a decline in provisions and non-interest expenses were other positives. However, the decrease in net interest income ( ...

Wells Fargo & Company (NYSE:WFC) Q3 2024 Earnings Conference Call October 11, 2024 10:00 AM ET Company Participants John Campbell - Director of IR Charlie Scharf - CEO Mike Santomassimo - CFO Conference Call Participants Scott Siefers - Piper Sandler Ebrahim Poonawala - Bank of America Erika Najarian - UBS Betsy Graseck - Morgan Stanley Matt O'Connor - Deutsche Bank David Long - Raymond James John Pancari - Evercore ISI Gerard Cassidy - RBC Capital Markets Operator Welcome and thank you for joining the Well ...