Wells Fargo's profit beats as rebound in dealmaking boosts investment banking
Wells Fargo's fourth-quarter profit beat Wall Street expectations as a rebound in dealmaking activity bolstered the lender's investment banking business. Shares of the bank rose 3.1% to $73.40 in premarket trading on Wednesday after it also forecast net interest income (NII) — or the difference between what it earns on loans and pays out for deposits — would increase in 2025.
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's net interest income falls 7% but beats estimates
Wells Fargo's net interest income for the fourth quarter came in at $11.836 billion, down 7% from a year earlier, but ahead of the FactSet consensus of $11.741 billion. The bank reported a taxable equ
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.
Wells Fargo: Q4 Earnings Snapshot
The San Francisco-based company said it had earnings of $1.43 per share. Earnings, adjusted for one-time gains and costs, were $1.42 per share. The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.
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 ...
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 ...
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 ...
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 ...
Wells Fargo Pins Decline in Net Interest Income on Lower Rates
Wells Fargo said fourth-quarter net interest income, a key metric for banks, fell 7% to $11.8 billion in the quarter from $12 ...
Former Wells Fargo Executives Fined for Role in Fraudulent Bank Accounts
Three former Wells Fargo executives have been fined a total of $18.5 million for their alleged roles in opening fraudulent ...
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JPMorgan, Wells Fargo report 50% surge in Q4 net income, beat estimates
JPMorgan shares jumped on the bank's final financial results of 2024, climbing 2.6% before the bell. Wells Fargo’s net income ...
These Stocks Are Moving the Most Today: JPMorgan, Wells Fargo, BlackRock, Eli Lilly, D-Wave Quantum, and More
Stock futures rose Wednesday ahead of data on U.S. consumer price inflation and as some of the nation’s largest banks began ...
Wells Fargo Q4 Net Income Rises, Revenue Down Slightly; Issues 2025 Outlook
Wells Fargo (WFC) reported that its fourth quarter earnings per share increased 11% from a year ago. Net interest income decreased ...
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.
JPMorgan faces internal revolt over RTO mandate—now talk of a Wells Fargo-style labor union is reportedly spreading
Bank employees are discreetly discussing whether to follow the lead from colleagues at Wells Fargo that organized under the ...