Banking giant Wells Fargo & Co (NYSE:WFC) is one of several big finance firms that are fresh off an early morning earnings report.
Wells Fargo (WFC) shares rose roughly 6% Friday morning after the bank reported better-than-expected third-quarter revenue and profit.
Wells Fargo & Co (NYSE:WFC, ETR:NWT) shares added more than 6% after the bank's third quarter earnings exceeded Wall Street's expectations. Adjusted earnings per share of $1.42 handily beat estimates of $1.28 but were down from $1.48 in the year-ago quarter.
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.
The San Francisco-based lender posted $11.69 billion in net interest income, a 11% decrease from the same quarter last year.
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.
Analysts and investors are keenly observing the stock performance of JPMorgan Chase & Co JPM and Wells Fargo & Co WFC ahead of their third-quarter earnings reports on Oct. 11.
Wells Fargo & Company WFC will release earnings results for its third quarter before the opening bell on Friday, Oct. 11.
Wells Fargo & Co (NYSE:WFC) is slated to step into the earnings confessional before the market opens on Friday, Oct. 11.