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The bank’s net income for the third quarter ended in September 30 was $4.6 billion, down from $5.6 billion in the same quarter of 2016 and $5.8 billion in the second quarter this year. Wells Fargo, which trades on the New York Stock under the symbol WFC, is down 3.2% today at $53.45 per share.
· wells fargo announced preliminary results for the first quarter on April 13, saying net income came in at a better-than-expected $5.53 billion, or.
· Net interest income – a main driver of bank profits – came in a bit below estimates at $12.1 billion, a $216 million decline.
Wells Fargo Net Income ($ in billions, except EPS) $5.7 . $5.8 $1.02 $1.05 . 3Q14 3Q15. Diluted earnings per common profit ($ in billions) $9.5 $9.0 Earnings of $5.8 billion Diluted earnings per common share of $1.05 Revenue up 3% both year-over-year (YoY) and linked quarter (lq) -net interest income up 5% YoY and 2.
Wells Fargo Quarterly Earnings. Print Information contained in a quarterly earnings release speaks only as of the date of the release. The information could be out of date and no longer accurate. We do not undertake any obligation to update the information, whether as a result of new information.
Shrewsberry said if markets do not recover and Wells Fargo does not gather new assets, the impact on annual net income would be in the hundreds of millions of dollars. He compared that to the $23.
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Wells Fargo & Co. reported Friday a modest improvement in core performance as part of an 18 percent gain in fourth-quarter net income to $5.74 billion. Wells Fargo is considered a bellwether for.
Net interest income up $750 million, or 6%, on earning asset growth and as the benefit of earning assets repricing in response to higher short-term interest rates exceeded the cost of repricing liabilities . Net interest income expected to be up low to mid-single digits 2017 vs. 2016 Noninterest income down YoY –
Wells Fargo (WFC) reported net income of $5.8 billion in the first quarter, a slight drop from $5.9 billion in the first quarter of 2014.
JPMorgan said yesterday that first-quarter profit rose 12 percent to $5.91 billion on a rebound in fixed-income and equity trading. Wells Fargo & Co., the biggest home lender, said net income dropped.
Wells Fargo posts $5.8 billion in net income Trey Garrison was a Senior Financial Reporter for HousingWire.com. His body of works are his views and his views alone.
