Categories AlphaGraphs, Earnings, Finance
WFC Infographic: Highlights of Wells Fargo & Company’s Q4 2024 earnings
Wells Fargo & Company (NYSE: WFC) reported an increase in net income for the fourth quarter of 2024. Earnings also exceeded Wall Street’s expectations.
At $20.38 billion, fourth-quarter revenues were broadly unchanged from the prior-year period. The top line missed the market’s estimates. Net income moved up to $5.08 billion or $1.43 per share in Q4 from $3.45 billion or $0.86 per share in the fourth quarter of 2023. Earnings also exceeded analysts’ estimates.
“Our earnings profile continues to improve, we are seeing the benefit from investments we are making to increase our growth and improve how we serve our customers and communities, we maintained a strong balance sheet, we returned approximately $25 billion of capital to shareholders, and we made significant progress on our risk and control work,” said Wells Fargo’s CEO Charlie Scharf.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Netflix likely to remain king of streaming, despite growing competition
After years of dominating the video streaming market, Netflix, Inc. (NASDAQ: NFLX) further strengthened its position by adding a record number of new subscribers in the fourth quarter. The market
Key takeaways from McCormick & Co.’s (MKC) Q4 2024 earnings report
Shares of McCormick & Company, Incorporated (NYSE: MKC) rose over 2% on Thursday after the company delivered better-than-expected earnings results for the fourth quarter of 2024. The top line benefited
ALK Earnings: Alaska Air Group Q4 profit jumps on strong revenue growth
Alaska Air Group (NYSE: ALK) Thursday reported a sharp increase in adjusted earnings for the fourth quarter of 2024, reflecting a double-digit revenue growth. Fourth-quarter net income, adjusted for one-off items,