Wells Fargo & Company TodayWFCWells Fargo & Company$64.02 -0.34 (-0.53%) 52-Week Range$38.58▼$64.78Dividend Yield2.50%P/E Ratio13.15Price Target$61.82Add to WatchlistWells Fargo & Co. NYSE: WFC reported a relatively solid third quarter of 2024 earnings report, beating analyst EPS expectations by 14 cents. The finance sector laggard has done a remarkable job diversifying fee-based income to offset net interest income headwinds. Wells Fargo was a laggard heading into its report, and the resulting stock gains ...

Wells Fargo CEO Charlie Scharf gave CNBC's Jim Cramer a positive read on the consumer landscape."The consumer's been extremely resilient," he said. "We don't sit here and say risks don't exist — But what we see looks pretty, pretty strong."According to Scharf, consumer spend is going up "at a very measured pace" in both debit and credit cards. Deposit balances, he added, remain strong and credit quality is "still performing extremely well." He praised the Federal Reserve, saying the central bank managed the ...

Bank branches in the US were closed on Monday due to the Columbus Day. Nonetheless, this week is crucial as several money center banks, such as Citigroup ( C ) and Bank of America ( BAC ), willHey there! My focus here is to provide you with insightful rating analysis on the world's leading financial firms to help you navigate and comprehend the latest investment opportunities while identifying potential pitfalls. My favorite picks are those that are tilted toward both the growth and quality factors. These a ...

Goldman Sachs (GS) reported third-quarter earnings that were better than analysts expected Tuesday morning, continuing a stretch of strong big bank earnings kicked off last week by rivals JPMorgan Chase (JPM) and Wells Fargo (WFC). The shares edged higher in early trading after the firm reported $12.7 billion in total revenue, above the $11.82 billion Goldman reported a year ago and ahead of analysts' consensus as compiled by Visible Alpha. Net interest income (NII) came in at $2.62 billion, up from $1.55 ...

Goldman Sachs (GS) reported third-quarter earnings that were better than analysts expected Tuesday morning, continuing a stretch of strong big bank earnings kicked off last week by rivals JPMorgan Chase (JPM) and Wells Fargo (WFC). The shares rose more than 3% premarket after the firm reported $12.7 billion in total revenue, above the $11.82 billion Goldman reported a year ago and ahead of analysts' consensus as compiled by Visible Alpha. Net interest income (NII) came in at $2.62 billion, up from $1.55 bi ...

Wells Fargo & Company WFC reported better-than-expected earnings for its third quarter on Friday.It reported a GAAP EPS of $1.42, beating the consensus of $1.28. Revenue fell 2% to $20.37 billion. Analysts expected $20.41 billion.CEO Charlie Scharf commented, "Our earnings profile is very different than it was five years ago as we have been making strategic investments in many of our businesses and de-emphasizing or selling others. Our revenue sources are more diverse and fee-based revenue grew 16% during t ...

文章核心观点 - 该研究分析师专注于石油天然气行业和相关公司,以及Wells Fargo的研究 [1] - 他擅长深入分析这些公司的财务状况、竞争地位和发展前景 [1] - 他认为石油天然气行业是一个周期性的"繁荣-萧条"行业,需要耐心和经验 [1] 行业和公司研究总结 Wells Fargo - Wells Fargo过去存在一些问题,这些问题在其财报电话会议上占据了很大篇幅 [1] - 其中最大的问题是资产上限限制了该银行的通常增长途径,直到其"整顿好自己" [1]

报告公司投资评级 - 报告未给出公司的投资评级 [1] 报告的核心观点 - 2024年第三季度营收同比下降2.4%,弱于彭博一致预期的2.2%下降 [1] - 净利润同比下降11.0%,优于彭博一致预期的19.4%下降 [1] - 各业务条线收入表现超出预期:零售银行及借贷业务、企业及投资银行业务、财富及投资管理业务、商业银行业务收入均优于预期 [1] - 净利息收入同比下降10.8%,弱于预期 [1][2] - 非息收入同比增长11.9%,优于预期 [1][2] - 信贷减值损失优于预期,不良贷款率优于预期 [2] - 核心一级资本充足率、有形普通股权益回报率等指标优于预期 [2] - 预计2024年净利息收入将下降约9%,非利息支出约540亿美元 [3] 财务数据总结 收入 - 2024年第三季度营收20,366百万美元,同比下降2.4%,弱于预期 [1][4] - 净利息收入11,690百万美元,同比下降10.8%,弱于预期 [1][4] - 非息收入8,676百万美元,同比增长11.9%,优于预期 [1][4] 盈利 - 归属于普通股股东的净利润4,852百万美元,同比下降11.0%,优于预期 [1][4] - 成本收入比64.0%,同比上升1个百分点,优于预期 [1][4] 资产质量 - 不良贷款率0.90%,环比下降2个基点,优于预期 [2][4] - 信贷减值损失10.65亿美元,优于预期 [2][4] 资本充足率 - 核心一级资本充足率11.3%,同比上升0.3个百分点,优于预期 [2][4] - 有形普通股权益回报率13.9%,同比下降2个百分点,优于预期 [2][4]

文章核心观点 - 通胀和利率下降可能为需要帮助的消费者带来一些缓解 [1] - 公司未见到违约或支出变化表明消费者健康状况下降,但低收入消费者出现一些压力 [1] - 通胀放缓和利率开始下降将有利于所有客户,尤其是低收入群体 [1] 公司财务状况 - 公司第三季度年化消费者贷款核销率从上季度的0.88%下降至0.83% [1] - 公司适度降低了信贷损失准备金,反映了大部分贷款组合的准备金下降 [2] 资产上限限制 - 公司正在努力满足监管机构解除资产上限的要求,但无法透露具体进展 [2] - 资产上限限制公司在批发存款和市场业务融资方面的资产和负债管理,但对其他业务增长影响不大 [3]

The market liked what it saw in the quarterly releases from JPMorgan (JPM) and Wells Fargo (WFC) , even though Wells Fargo came up short on the top-line while JPMorgan beat both top- and bottom-line expectations.Even more important than the two banks’ Q3 EPS and revenue surprises is their favorable commentary on business trends and the economy's overall health. Questions about the economy’s outlook have been front and center for the market lately, with some in the market fearing that the Fed may have delaye ...