Loading...
•
Mar 31, 2024
Wells Fargo Q1 2024 Earnings Report
Wells Fargo reported solid first quarter results, demonstrating progress in improving and diversifying financial performance.
Key Takeaways
Wells Fargo reported a net income of $4.6 billion, or $1.20 per diluted share, for the first quarter of 2024. The company saw an increase in noninterest income which offset a decline in net interest income. They also repurchased $6.1 billion of common stock while maintaining a strong capital position.
Net income was $4.6 billion, or $1.20 per diluted share.
Revenue increased due to investments across the franchise, with noninterest income offsetting a decline in net interest income.
Net charge-offs were stable, and credit trends remained consistent.
The company repurchased $6.1 billion of common stock while maintaining a strong capital position.
Revenue by Segment
Forward Guidance
This document contains forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...