Categories AlphaGraphs, Finance

WFC Earnings: Key quarterly highlights from Wells Fargo’s Q2 2023 financial results

Wells Fargo & Company (NYSE: WFC) reported second quarter 2023 earnings results today.

Total revenue increased 20% year-over-year to $20.5 billion.

Net income grew 57% to $4.93 billion while EPS rose 67% to $1.25.

Both the top and bottom line numbers beat estimates.

Average loans increased 2% YoY to $945.9 billion while average deposits were down 7% to $1.34 trillion.

The stock was up 3% in premarket hours on Friday following the earnings report.

Prior performance

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Carnival Corporation (CCL): A couple of factors that work in favour of this cruise ship operator

Shares of Carnival Corporation & plc (NYSE: CCL) were down on Monday. The stock has gained 69% year-to-date. The company delivered strong results for the third quarter of 2023 and although

Earnings Preview: PepsiCo (PEP) likely to deliver another strong quarter

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