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Higher non-interest income and a decline in non-interest expenses support WFC's third-quarter 2024 results. A decline in NII is a spoilsport.
U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 250 points on Friday.
Wells Fargo & Company (WFC) Q3 2024 Earnings Call Transcript
Banking giant Wells Fargo & Co (NYSE:WFC) is one of several big finance firms that are fresh off an early morning earnings report.
The headline numbers for Wells Fargo (WFC) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Wells Fargo (WFC) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.39 per share a year ago.
CNBC's Leslie Picker reports on the bank's quarterly earnings results.
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) has released its third quarter 2024 financial results. The financial results are available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and on a Form 8-K filed by the company with the Securities and Exchange Commission (SEC) on Oct. 11, 2024, and available on the SEC's website at www.sec.gov. Conference call The company will host a live conference call on Friday, Oct. 11, at 10:00 a.m. Eas.
Wells Fargo's profit fell in the third quarter as the bank's interest income was squeezed by subdued loan demand and higher payments to depositors.
Wells Fargo & Company WFC will release earnings results for its third quarter before the opening bell on Friday, Oct. 11.