Wells Fargo raises interest income forecast as strong dealmaking drives profit beat
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, sending shares up 6%.
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,
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 nearly doubled to $5.1 billion, surpassing Wall Street forecasts. Wells Fargo Shares rose 3.
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.
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 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 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 $12.8 billion for the same period last year. The bank said net interest income declined due to the impact of lower rates on floating rate assets and lower loan balances.
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Wells Fargo Posts Mixed Fourth-Quarter Results, Eyes Net Interest Income Growth in 2025
Wells Fargo's (WFC) fourth-quarter top-line unexpectedly declined due to lower net interest income, while per-share earnings outperformed. Revenue, expressed as the sum of net interest income and ...
Wells Fargo Q4 Earnings: Generally Strong But Signs Of Weakening
Learn about Wells Fargo & Company's strong Q4 earnings, 2025 guidance, and stock performance, with insights on selling ...
Wells Fargo (WFC) Receives a Rating Update from a Top Analyst
Oppenheimer analyst Chris Kotowski maintained a Hold rating on Wells Fargo (WFC – Research Report) today. The company’s shares closed yesterday ...
Why S&P 500’s financials sector is on pace for its best day since early November
Financial stocks had among the biggest gains among the S&P 500 ‘s 11 sectors in afternoon trading Wednesday, as shares of ...
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JPMorgan and Wells Fargo Report Surging Profits Amid Optimistic Economic Outlook
JPMorgan's net income surged by 50% to over USD 14 billion in Q4, exceeding Wall Street forecasts. Earnings per share climbed ...
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JPMorgan, Citi, Wells Fargo and Goldman results may boost banks stocks further
The FactSet consensus estimate for the bank's ... to buy from neutral and said it could gain another 20% this year. Wells Fargo earnings expectation edges up Analysts expect Wells Fargo to ...
Biggest US banks notch up $142bn in profits in blockbuster 2024
The US’s six largest banks generated $142bn in profits last year as they benefited from high interest rates, a strong economy and a rebound in dealmaking and other Wall Street a ...