Categories AlphaGraphs, Earnings, Finance
WFC Earnings: Key quarterly highlights from Wells Fargo’s Q1 2024 financial results
Wells Fargo & Company (NYSE: WFC) reported first quarter 2024 earnings results today.
Total revenue rose 1% year-over-year to $20.8 billion.
Net income decreased 7% to $4.6 billion while EPS dropped 2% to $1.20.
The top and bottom line numbers surpassed estimates but the stock stayed red in premarket hours on Friday.
Average loans were down 2% while average deposits were down 1% during the quarter.
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