Saturday, 12 October 2024

Wells Fargo (WFC) Q3 2024 Earnings: Key financials and quarterly highlights

by BD Banks

Wells Fargo & Company (NYSE: WFC) reported its third quarter 2024 earnings results today.

Total revenue decreased 2% year-over-year to $20.37 billion.

Net income dropped 11% to $5.1 billion and EPS fell 4% to $1.42 compared to last year.

Earnings beat estimates while revenue fell short.

Average loans amounted to $910.3 billion while average deposits totaled $1.34 trillion.

The stock climbed 5% in morning trade on Friday.

Prior performance

The post Wells Fargo (WFC) Q3 2024 Earnings: Key financials and quarterly highlights first appeared on AlphaStreet.

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