WFC Stock Recent News

Wells Fargo (WFC) Q1 earnings reflect higher revenues and improved deposit balances, alongside lower provisions. However, challenges emerge with lower net interest income and growing expenses.

Although the revenue and EPS for Wells Fargo (WFC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Wells Fargo (WFC) reported a 7% decline in first-quarter profit as high funding costs and lower loan balances took a bite out of net interest income.

Wells Fargo & Co (NYSE:WFC, ETR:NWT) faced a setback in its first quarter as it missed estimates for net interest income (NII), signaling challenges amid muted loan growth and increased deposit payouts. The firm reported $12.2 billion in NII, down 8.3% from the previous year and slightly below analysts' expectations.

Wells Fargo (WFC) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.23 per share a year ago.

Stephanie Link, Hightower Advisors chief investment strategist and portfolio manager, joins 'Squawk Box' to react to Wells Fargo's latest earnings report and more.

Wells Fargo shares fell Friday after the bank reported first-quarter earnings that showed a decline in interest income.

Wells Fargo & Co (NYSE: WFC), on April 12th, reported a year-on-year decrease in its first-quarter net income for the first earnings report of FY 2024. Net income for the quarter came in at $4,.61 billion, below Q1 of 2023's $4.99 billion.

Wells Fargo's profit fell more than 7% as it earned less from customer interest payments in the first quarter, sending its shares down 3% in premarket trading.

Wells Fargo (WFC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.