Wells Fargo & Firm (NYSE: WFC) reported a rise in web earnings for the fourth quarter of 2024. Earnings additionally exceeded Wall Road’s expectations.
At $20.38 billion, fourth-quarter revenues have been broadly unchanged from the prior-year interval. The highest line missed the market’s estimates. Web earnings moved as much as $5.08 billion or $1.43 per share in This fall from $3.45 billion or $0.86 per share within the fourth quarter of 2023. Earnings additionally exceeded analysts’ estimates.
“Our earnings profile continues to enhance, we’re seeing the profit from investments we’re making to extend our development and enhance how we serve our prospects and communities, we maintained a powerful steadiness sheet, we returned roughly $25 billion of capital to shareholders, and we made vital progress on our threat and management work,” stated Wells Fargo’s CEO Charlie Scharf.