Wells Fargo (WFC) Q1 Earnings Surpass Estimates, Costs Rise
WFCWells Fargo(WFC) Zacks Investment Research·2024-04-13 01:41

Wells Fargo & Company’s (WFC) first-quarter 2024 adjusted earnings per share of $1.26 surpassed the Zacks Consensus Estimate of $1.10. The adjusted figure excludes the impacts of expenses from the FDIC special assessment. In the prior-year quarter, the company reported earnings per share of $1.23.Results have 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) and loan balances and an ...