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Wells Fargo's profit beats on dealmaking rebound
Wells Fargo's profit beats on dealmaking rebound as it raises interest income forecast
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. The bank's shares rose 3.5% to $73.
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
Wells Fargo is out with its fourth-quarter results. Here are the highlights: Net income rose 47% to $5.08 billion. That amounted to $1.43 a share, above what analysts polled by FactSet expected. Revenue was down slightly at $20.
JPMorgan posts record profit
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.
JPMorgan Chase posts record profit as the bank’s massive scale pays off
JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank in U.S. history.
JPMorgan posts record annual profits as major US banks thrive in the final quarter of 2024
JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for t
Wells Fargo earnings climb
Wells Fargo earnings climb as investment banking shines
Wells Fargo's profit climbed in the fourth quarter, buoyed by stronger investment banking earnings, it said on Wednesday.
Wells Fargo profit from home lending climbs
Wells Fargo said profit at its consumer bank from home lending rose to $854 million in the fourth quarter from $839 million a year ago, while profit from credit card lending rose to $1.489 billion from $1.
Wells Fargo Stock Climbs as Earnings Top Estimates
Wells Fargo (WFC) shares climbed in pre-market trading Wednesday after the bank reported fourth-quarter profit and net interest income that topped analysts' estimates. The lender reported $5.08 billion in net income for the quarter,
19h
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 ...
Winston-Salem Journal
2h
Wells Fargo business exits strategy boosts fourth-quarter profit 47%
Wells Fargo & Co. reported Wednesday that a series of recent business exits and heightened emphasis on fee revenue boosted ...
20h
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." ...
3h
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’ ...
2d
on MSN
Jim Cramer Says Wells Fargo & Company (WFC) Could Be ‘A Real Opportunity’
Stocks in Focus This Week. In this article, we are going to take a look at where Wells Fargo & Company (NYSE:WFC) stands ...
3d
UnitedHealth (UNH) Receives a Buy from Wells Fargo
In a report released on January 10, Stephen Baxter from Wells Fargo maintained a Buy rating on UnitedHealth (UNH – Research Report), with a ...
1d
Big Banks Kick Off Earnings. Wall Street Braces for Profit Surge.
The biggest banks in the U.S. are expected to report this week that they drove far higher profits in the fourth quarter than ...
1d
on MSN
Why Wells Fargo's Revenue Miss Isn't Worrying Wall Street
Wells Fargo is one of the best S&P 500 stocks Wednesday even after the big bank's top-line miss. Here's what you need to know ...
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