The quarter was fine, but the guidance failed to impress.Banking giant Wells Fargo (WFC -5.70%) reported earnings results today, surpassing quarterly expectations, but its full-year guidance underwhelmed. Investors are viewing the glass as half-empty, sending Wells Fargo shares down 7% as of 11 a.m. ET.High rates are causing headachesWells Fargo has done a good job rebounding after a difficult period, but the higher-for-longer interest rate cycle has weighed heavily on banks this year. Wells Fargo reported ...

Shares of Wells Fargo & Company (WFC) lost 5% in the pre-market session as investors expressed concern regarding the decline in the loan balance. Its second-quarter 2024 earnings per share of $1.33 surpassed the Zacks Consensus Estimate of $1.27. In the prior-year quarter, the company reported earnings per share of $1.25.Results benefited from higher non-interest income. An improvement in capital ratios and a decline in provisions were other positives. However, the decrease in net interest income (NII), as ...

公司财报表现 - Wells Fargo 在2024年6月结束的季度中报告了206.9亿美元的收入，同比增长0.8%，每股收益(EPS)为1.33美元，相比去年同期的1.25美元有所增长 [1] - 报告的收入超出Zacks Consensus Estimate的202.7亿美元，超出幅度为+2.05%，EPS超出预期4.72% [2] 关键财务指标 - 平均余额 - 总利息收入资产为17559.8亿美元，超出七位分析师平均估计的17275.3亿美元 - 效率比率为64%，略低于七位分析师平均估计的64.5% - 资产回报率(ROA)为1%，与七位分析师平均估计的1%持平 - 股本回报率(ROE)为11.5%，高于七位分析师平均估计的10.8% - 每股账面价值为47.01美元，略低于七位分析师平均估计的47.08美元 - 净利息边际在应税等值基础上为2.8%，与七位分析师平均估计的2.8%持平 - 净贷款损失作为平均总贷款的百分比为0.6%，高于六位分析师平均估计的0.5% - 总非应计贷款为84.3亿美元，低于四位分析师平均估计的89.1亿美元 - 贷款损失准备金占总额的百分比为1.6%，与四位分析师平均估计的1.6%持平 - 普通股权一级资本(CET1) - 标准化方法为11%，略低于三位分析师平均估计的11.1% [5] 股票表现 - Wells Fargo的股票在过去一个月内上涨了5.1%，超过了Zacks S&P 500综合指数的4.3%涨幅，目前持有Zacks Rank 2 (Buy)，表明短期内可能超越更广泛的市场 [6]

KEY TAKEAWAYSWells Fargo shares sank Friday after the lender reported a slump in second-quarter net interest income that offset higher-than-forecast results.Net interest income, a key measure of lending profitability, fell about 9% year-over-year to $11.9 billion during the three months ended June 30. The slump in net interest income overshadowed results that beat Wall Street analysts' estimates. Wells Fargo (WFC) shares sank Friday after the lender reported a slump in second-quarter net interest income tha ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Wells Fargo (WFC) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.72%. A quarter ago, it was expected that this biggest U.S. mortgage lender would post earnings of $1.10 per share when it actually produced earnings of $1.26, delivering a surprise of 14.55%.Over the last four quarter ...

Wells Fargo bank signage is seen on Broadway on April 12, 2024 in New York City.Wells Fargo on Friday reported a 9% decline in net interest income, even though its second-quarter earnings and revenue exceeded Wall Street expectations.Here's what the bank did compared to Wall Street estimates, based on a survey of analysts by LSEG:Earnings per share: $1.33 versus $1.29 cents expectedRevenue: $20.69 billion versus $20.29 billion expectedThe San Francisco-based bank recorded $11.92 billion in net interest inco ...

Exhibit 99.2 2Q24 Quarterly Supplement Wells Fargo & Company and Subsidiaries QUARTERLY FINANCIAL DATA TABLE OF CONTENTS | --- | --- | |----------------------------------------------------------------------------------------------------|-------| | | Page | | Consolidated Results | | | Summary Financial Data | 3 | | Consolidated Statement of Income | 5 | | Consolidated Balance Sheet | 6 | | Average Balances and Interest Rates (Taxable-Equivalent Basis) | 7 | | Reportable Operating Segment Results | | | Combi ...

Key TakeawaysCiti, Wells Fargo and JPMorgan Chase will report earnings on Friday, with Bank of America to follow on Tuesday.Investors will be watching banks' levels and forecasts for net interest income, a key measure of lending profitability.Analysts expect some banks to slow plans for stock buybacks. Big bank earnings kick off Friday with Citi (C), Wells Fargo (WFC) and JPMorgan Chase (JPM) reporting their second-quarter results. Bank of America (BAC) is set to follow on Tuesday. Analysts expect few surp ...

Wall Street analysts expect Wells Fargo (WFC) to post quarterly earnings of $1.27 per share in its upcoming report, which indicates a year-over-year increase of 1.6%. Revenues are expected to be $20.28 billion, down 1.2% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings d ...