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Wells Fargo ( (WFC) ) has shared an announcement.
Wells Fargo reported a net income of $5.1 billion for the fourth quarter of 2024, with earnings of $1.43 per diluted share. The full-year net income for 2024 was $19.7 billion or $5.37 per diluted share. The company’s performance metrics showed improvement, with a reduction in noninterest expenses and a favorable change in net income and earnings per share compared to the previous year. The company also repurchased 57.8 million shares, valued at $4.0 billion, during the fourth quarter. Additionally, the financial results included discrete tax benefits and severance expenses related to prior period matters.
More about Wells Fargo
Wells Fargo is a prominent financial services company operating in the banking industry. The company offers a wide range of financial products and services including consumer banking, lending, commercial banking, corporate and investment banking, and wealth and investment management.
YTD Price Performance: 1.42%
Average Trading Volume: 16,710,200
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $237B
See more data about WFC stock on TipRanks’ Stock Analysis page.