Wells Fargo's profit beats on dealmaking rebound as it raises interest income forecast
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. The bank's shares rose 3.5% to $73.
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,
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 profit beats as rebound in dealmaking boosts investment banking
Wells Fargo's fourth-quarter profit beat Wall Street expectations as a rebound in dealmaking activity bolstered the lender's investment banking business. Shares of the bank rose 3.1% to $73.40 in premarket trading on Wednesday after it also forecast net interest income (NII) — or the difference between what it earns on loans and pays out for deposits — would increase in 2025.
Wells Fargo Profit Jumps, Boosted by Fee-Based Businesses
Net income rose 47% to $5.08 billion. Net interest income—which reflects the difference between what banks earn on loans and pay out to depositors—fell 7% from a year ago. Noninterest income at the bank,
Wells Fargo, Goldman Sachs, and Citigroup Are All Soaring. Here's Why.
Goldman Sachs ( GS 4.91%), and Citigroup ( C 6.49%) were all higher by 5% or more for the day. There are two main reasons why ...
Wells Fargo raises interest income forecast as strong dealmaking drives profit beat
Wells Fargo's profit climbed in the fourth quarter, buoyed by stronger investment banking earnings, it said on Wednesday.
Wells Fargo scandal: US bank regulator fines three former executives over fake accounts
The trio had been previously charged by the OCC in 2020, alongside other former senior leadership of the bank, but had opted ...
3 former Wells Fargo execs ordered to pay over $18 million in fake sales account scandal
Three former Wells Fargo executives must pay $18.5 million for their role in the bank’s widespread fake sales accounts ...
Wells Fargo's Fourth-Quarter Profit Tops Estimates
Wells Fargo reported earnings per share of $1.43 for the fourth quarter, beating Wall Street’s consensus estimate of $1.35. A ...
Wells Fargo: Q4 EPS Surges, Revenue Dips
Wells Fargo posted mixed Q4 earnings, with revenue lagging while EPS gained, highlighting revenue growth challenges.
Why Wells Fargo's Revenue Miss Isn't Worrying Wall Street
Wells Fargo stock is one of the best S&P 500 stocks Wednesday even after the big bank's top-line miss. Here's what you need ...
Wells Fargo's wealth and investment management revenue up 8%
Wells Fargo's wealth and investment management segment's revenue rose 8% in the fourth quarter to $3.958 billion. Net interest income at the segment was down 6%, as deposit costs rose due to ...
Three Reasons Why Wells Fargo Predicts 70% Plunge on Tesla's Stock
Wells Fargo has just reaffirmed on its bearish Tesla call, ignoring the stock's rally and as a reminder to investors that bears still persevere on Wall Street. Despite the underweight rating, the bank ...
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Wells Fargo Rises Pre-Market After Q4 Earnings Beat, Strong 2025 Guidance: Retail Sentiment Hits Year-High
Shares of Wells Fargo & Co (WFC) rose over 3% in Wednesday’s pre-market session after the lender reported upbeat ...