Wells Fargo & Company (NYSE: WFC) disclosed its financial performance for the third quarter, making the report available to the public. The unveiling of the report took place in advance of the regular trading session.
The outcome has caught the attention of the market, with profits shining brighter than expected while revenues fell below forecasts.
The concern closed the quarter with a income of $1.42 per share, surpassed the street projected $1.28 profit per share by $0.14.
Alongside, the revenues for the quarter reaching $20366 million, fell short of street estimated $20408.39 million by $42.39 million.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q3 2024 | $1.42 | -4.1% | 20.37 B | -2.4% |
| Historical Earnings Insight | ||||
| Q2 2024 | $1.33 | +6.4% | 20.69 B | +0.8% |
| Q1 2024 | $1.20 | -2.4% | 20.86 B | +0.6% |
| Q4 2023 | $1.29 | +92.5% | 20.48 B | +4.2% |
| Q3 2023 | $1.48 | +74.1% | 20.86 B | +6.9% |
| Q2 2023 | $1.25 | +68.9% | 20.53 B | +20.6% |
| *Growth on year-over-year basis | ||||
Relative to the comparable quarter of prior year revenues declined 2.35 percent, and the profit per share declined 4.05 percent.
Wells Fargo (WFC) experienced a trading range of $57.35 to $58.39, along with a total volume of 12.74 million shares during the day. The stock concluded Thursday's regular trading session at $57.75, demonstrating an increase of 0.36 percent.
