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Wells Fargo's profit beats on dealmaking rebound

Hosted on MSN · 1h

Wells Fargo's profit beats on dealmaking rebound as it raises interest income forecast

Wells Fargo's profit beat expectations in the fourth quarter powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year. The bank's shares rose 3.5% to $73.

American Banker · 3h

Wells Fargo's profits jump 47% amid dealmaking rebound

The megabank saw $5.1 billion in profits in its fourth quarter, as higher fees from investment banking and wealth management offset weaker interest income on loans.

MarketWatch · 7h

Wells Fargo's stock up 3% as profit beat offsets revenue miss

Wells Fargo & Co.'s stock jumped 3% early Wednesday, after the bank posted better-than-expected fourth-quarter profit, offsetting a revenue miss. . The bank posted net income of $5.1 billion, or $1.43 a share,

Wall Street Journal · 8h

Wells Fargo Profit Rises 47%

Wells Fargo is out with its fourth-quarter results. Here are the highlights: Net income rose 47% to $5.08 billion. That amounted to $1.43 a share, above what analysts polled by FactSet expected. Revenue was down slightly at $20.

Investopedia on MSN · 4h

Wells Fargo Stock Climbs as Earnings Top Estimates

Wells Fargo (WFC) shares climbed in pre-market trading Wednesday after the bank reported fourth-quarter profit and net interest income that topped analysts' estimates. The lender reported $5.08 billion in net income for the quarter,

Wells Fargo earnings climb

Wells Fargo earnings climb as investment banking shines

Wells Fargo's profit climbed in the fourth quarter, buoyed by stronger investment banking earnings, it said on Wednesday.

Houston Chronicle · 4h

Wells Fargo: Q4 Earnings Snapshot

The company, based in San Francisco, said it had earnings of $1.43 per share. Earnings, adjusted for one-time gains and costs, were $1.42 per share. The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.

Investopedia on MSN · 4h

Wells Fargo Stock Climbs as Earnings Top Estimates

Wells Fargo (WFC) shares climbed in pre-market trading Wednesday after the bank reported fourth-quarter profit and net interest income that topped analysts' estimates. The lender reported $5.08 billion in net income for the quarter,

23m

Three Reasons Why Wells Fargo Predicts 70% Plunge on Tesla's Stock

Wells Fargo has just reaffirmed on its bearish Tesla call, ignoring the stock's rally and as a reminder to investors that ...

4h

Wells Fargo Takes $647 Million Severance Charge as Expenses Cut

Wells Fargo & Co. took a $647 million severance charge in the fourth quarter, as Chief Executive Officer Charlie Scharf ...

2h

Consumer Spending Remains Strong, Says Wells Fargo Finance Chief

The overall health of the American consumer is generally strong, said Wells Fargo Chief Financial Officer Mike Santomassimo ...

4h

Bank earnings: JPMorgan's stock shoots toward record after beat, Wells Fargo tops estimates

JPMorgan, Wells Fargo, Goldman Sachs and Citi are kicking off earnings season on Wednesday with their December-quarter ...

3 ex-Wells Fargo execs fined $18.5M over fake-accounts scandal

The Office of the Comptroller of the Currency banned the bank’s former community bank group risk officer for life, among ...

4h

Wells Fargo's Fourth-Quarter Profit Tops Estimates

Wells Fargo reported earnings per share of $1.43 for the fourth quarter, beating Wall Street’s consensus estimate of $1.35. A ...

7h

Bank earnings: JPMorgan, Wells Fargo, Goldman Sachs, Citigroup set to report

JPMorgan, Wells Fargo, Goldman Sachs and Citi kick off earnings season on Wednesday with their December-quarter results.

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