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.