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Wells Fargo's profit beats on dealmaking rebound
Wells Fargo raises interest income forecast as strong dealmaking drives profit beat
Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year, sending shares up 6%.
Wells Fargo's profits jump 47% amid dealmaking rebound
The megabank saw $5.1 billion in profits in its fourth quarter, as higher fees from investment banking and wealth management offset weaker interest income on loans.
Wells Fargo Profit Jumps, Boosted by Fee-Based Businesses
Net income rose 47% to $5.08 billion. Net interest income—which reflects the difference between what banks earn on loans and pay out to depositors—fell 7% from a year ago. Noninterest income at the bank,
1d
Wells Fargo's Fourth-Quarter Profit Tops Estimates
Wells Fargo reported earnings per share of $1.43 for the fourth quarter, beating Wall Street’s consensus estimate of $1.35. A ...
2d
on MSN
Wells Fargo's profit beats as rebound in dealmaking boosts investment banking
Wells Fargo's fourth-quarter profit beat Wall Street expectations as a rebound in dealmaking activity bolstered the lender's ...
1d
Wells Fargo Q4 Earnings: Investors Cheer 50% Jump In Net Profit, ROE Improvement, Bank Expects Up To 3% Jump In 2025 NII
Wells Fargo & Company (NYSE:WFC) reported a net income of $5.08 billion, up 47% year over year in the fourth quarter of 2024.
Financial Planning
1d
Despite $50M sweeps hit, Wells Fargo's wealth profits soar
Wells Fargo and other large wealth managers have been under scrutiny from plaintiffs' lawyers and regulators for the returns ...
1d
Bank earnings: JPMorgan, Wells Fargo, Goldman Sachs post beats, and Citi swings to a profit
JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
1h
Truist Beats Quarterly Profit Estimates on Investment Banking Gains
Net interest margin, which measures lending profitability, expanded to 3.07%, compared with 2.95% a year earlier. Truist's ...
1d
Why investors seem giddy about once-troubled Wells Fargo
Wells Fargo CEO Charlie Scharf validates some of the optimism, telling analysts he feels "really great about our progress." ...
1d
on MSN
Wells Fargo, Goldman Sachs, and Citigroup Are All Soaring. Here's Why.
Goldman Sachs ( GS 6.02%), and Citigroup ( C 6.49%) were all higher by 5% or more for the day. There are two main reasons why ...
1d
Morgan Stanley Profit More Than Doubles in First Year Under CEO Pick
Morgan Stanley turned in $3.7 billion of profit in the fourth quarter, up 147% from a year earlier and exceeding analysts’ ...
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