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

Core Viewpoint - Wells Fargo is set to release its third-quarter earnings results on October 11, with expectations of a decline in earnings per share compared to the previous year [1][2]. Financial Performance - Analysts predict Wells Fargo will report quarterly earnings of $1.28 per share, down from $1.48 per share in the same period last year [2]. - The bank is projected to report revenue of $20.41 billion for the recent quarter [2]. Regulatory Developments - On September 12, Wells Fargo announced a formal agreement with the OCC to enhance its anti-money laundering and sanctions risk management practices following an enforcement action by the regulator [2]. Stock Performance and Analyst Ratings - Wells Fargo shares increased by 0.4%, closing at $57.75 on Thursday [2]. - Wolfe Research analyst Steven Chubak upgraded the stock from Peer Perform to Outperform with a price target of $65 on October 8 [2]. - Evercore ISI Group analyst John Pancari maintained an Outperform rating and raised the price target from $65 to $68 on October 2 [2]. - Goldman Sachs analyst Richard Ramsden maintained a Buy rating but reduced the price target from $68 to $65 on September 11 [2]. - Deutsche Bank analyst Matt O'Connor upgraded the stock from Hold to Buy with a price target of $65 on September 3 [2]. - BMO Capital analyst James Fotheringham maintained a Market Perform rating and increased the price target from $57 to $59 on July 15 [2].

$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 ...

Chris Lau is an individual investor and economist with 30 years of experience covering life science, technology, and dividend-growth income stocks. He has degrees in Microbiology and Economics. Chris runs the investing group DIY Value Investing where he shares his top stock picks of undervalued stocks with catalysts for upside, dividend-income recommendations with quant and payment calendar tracking, high upside plays, and research requests to help you become a better do-it-yourself investor. Learn more.Top ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Wells Fargo (WFC) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock ...

The latest trading session saw Wells Fargo (WFC) ending at $54.98, denoting a -0.58% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.17%. Meanwhile, the Dow lost 0.44%, and the Nasdaq, a tech-heavy index, lost 0.04%.Shares of the biggest U.S. mortgage lender witnessed a loss of 4.85% over the previous month, trailing the performance of the Finance sector with its loss of 0.26% and the S&P 500's gain of 1.25%.Investors will be eagerly watching for the performance of Wells ...