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 ...

文章核心观点 - 公司即将在2024年7月12日公布2024年第二季度财报，市场预期其收入和利润将受到贷款需求、利率变化和投资银行业务表现的影响 [1][2] 公司业绩历史 - 公司在过去四个季度中，每次都超出了Zacks共识预期，平均超额收益为11.42% [1][2] 收入预期 - 市场对公司第二季度收入的共识预期为202.8亿美元，较去年同期下降1.2% [2] 每股收益预期 - 过去一个月，市场对公司第二季度每股收益的共识预期从1.25美元上调至1.27美元，较去年同期增长1.6% [3] 影响第二季度业绩的因素 贷款和净利息收入(NII) - 贷款需求，特别是商业和工业贷款，从2024年第一季度末有所改善，预计将支持第二季度的贷款情况 [6] - 尽管高利率（22年来的高点，5.25-5.5%）可能对贷款需求造成压力，但证券再投资于高收益资产预计将支持净利息收入增长 [6] - 市场对NII的共识预期为120.9亿美元，较上一季度下降1.1% [7] 非利息收入 - 抵押贷款利率在第二季度略有下降，从4月初的6.8%降至6月的6.7%，预计将导致抵押贷款需求小幅上升 [7] - 市场对抵押贷款收入的共识预期为2.565亿美元，较上一季度增长11.5% [8] - 投资咨询和其他基于资产的费用收入预计将因市场估值和交易活动的增加而改善，共识预期为23.7亿美元，较上一季度增长1.5% [8] - 投资银行业务收入预计为5.606亿美元，较上一季度下降10.6% [8] - 信用卡费用预计为10.9亿美元，较上一季度增长3.1% [9] - 市场对公司总非利息收入的共识预期为80.4亿美元，较上一季度下降6.9% [9] 费用 - 公司的成本预计将继续上升，主要由于其在技术和数字化方面的投资，这可能对第二季度的底线增长造成压力 [9] 资产质量 - 由于宏观经济前景的不确定性，公司的信用质量可能恶化，预计商业贷款违约率上升，公司可能已在第二季度拨备了大量准备金 [10] - 市场对总非应计贷款的共识预期为89.1亿美元，较上一季度增长10.4% [10] 股价表现与估值 - 公司在2024年上半年是S&P 500指数中表现最好的三家银行之一，与花旗集团(C)和摩根大通(JPM)并列 [11] - 公司目前的市盈率为11.28倍，略低于行业平均的11.45倍，估值相对较低 [12] 投资主题：平衡风险与回报 - 公司通过成本削减措施（如简化组织结构、关闭分支机构和减少员工数量）以及稳定的存款余额和大量的零售客户基础，有望在未来支持其财务表现 [13] - 公司计划在2024年第三季度将其普通股股息提高14%至每股40美分，并预计今年将比2023年回购更多的普通股 [13] - 由于2016年销售丑闻，公司仍受到资产上限的限制，这可能阻碍其贷款组合的完全资本化，从而影响未来的增长 [14] 结论 - 公司第二季度财报预计将受到贷款需求改善、存款余额稳定和抵押贷款利率下降的积极影响 [15] - 公司的股息和回购计划有望在未来几年推动总回报，特别是在经济增强的情况下 [15] - 投资者应谨慎对待短期内的净利息收益率收缩和资产质量的减弱，同时考虑到资产上限对公司贷款余额的限制 [15][16]