Wells Fargo & Company
- Wells Fargo & Co. dropped 5.5% to $78.86 after the California-based bank reported fiscal second quarter results ending in June.
Consolidated revenue in the quarter edged up to $20.8 billion from $20.7 billion, net income advanced to $5.5 billion from $4.9 billion, and diluted earnings per share rose to $1.60 from $1.30 a year ago.
Chief Executive Officer Charlie Scharf commented, “As we have been investing to drive organic growth and improve the earnings capacity in each of our businesses, we have also been returning excess capital to shareholders."
During the first half of this year, the company repurchased over $6 billion of common stock, and the company plans to increase third-quarter common stock dividend by 12.5% to 45 cents from 40 cents per share.
Jul 15, 2025 - Wells Fargo & Co. gained 0.1% to $62.59 after the banking company reported fiscal first quarter of 2025 results ending in March.
Revenue declined to $20.15 billion from $20.86 billion, net income jumped to $4.89 billion from $4.62 billion, and diluted earnings per share rose to $1.39 from $1.20 a year ago.
The company repurchased 44.5 million shares for $3.5 billion in the quarter.
Apr 14, 2025 - Wells Fargo declined 6.6% to $56.19, and the financial service company reported weaker-than-expected net interest income in the second quarter.
Revenue in the quarter increased to $20.7 billion from $20.5 billion, net income decreased to $4.91 billion from $4.93 billion, and diluted earnings per share rose to $1.33 from $1.25 a year earlier.
Wells Fargo stock declined after net interest income declined 9% to $11.9 billion from $13.2 billion a year ago.
Jul 12, 2024 - Wells Fargo declined 1.1% to $48.46 despite the bank reporting higher earnings in the fourth quarter, but the bank warned that net interest income in 2024 is likely to be lower than the previous year.
Revenue in the fourth quarter increased 2% to $20.48 billion, and net income rose to $3.45 billion, or 86 cents, from $3.16 billion, or 75 cents, a year ago.
Net interest income in the quarter declined 5% from a year ago to $12.78 billion, and the bank warned that level could decline between 7% and 9% on an annual basis from $52.4 billion in 2023.
Jan 12, 2024 - Wells Fargo & Company advanced 2.4% to $40.70 after the bank reported a surge in net interest income in the third quarter.
Total revenue increased to $20.8 billion from $19.6 billion and net income advanced to $5.7 billion from $3.6 billion and diluted earnings per share surged to $1.48 from 86 cents a year ago.
Provision for credit losses increased to $1.2 billion from $784 million a year ago.
The company repurchased 33.8 million shares of $1.5 billion of its common stock in the third quarter.
Oct 13, 2023
| Year | Mar | Jun | Sep | Dec | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 1.23 | 1.25 | 1.48 | 0.86 | - | |
| 2022 | 0.88 | 0.74 | 0.85 | 0.67 | 3.14 | |
| 2021 | 1.05 | 1.38 | 1.17 | 1.38 | 4.95 | |
| 2020 | 0.01 | -0.66 | 0.42 | 0.64 | 0.43 | |
| 2019 | 1.2 | 1.3 | 0.92 | 0.6 | 4.09 | |
| 2018 | 0.96 | 0.98 | 1.13 | 1.21 | 4.28 | |
| 2017 | 1 | 1.07 | 1.04 | 0.97 | 4.08 | |
| 2016 | 0.99 | 1.01 | 1.03 | 1.03 | 4.06 | |
| 2015 | 1.04 | 1.03 | 1.05 | 1.03 | 4.15 | |
| 2014 | 1.05 | 1.01 | 1.02 | 1.02 | 4.1 | |
| 2013 | 0.92 | 0.98 | 0.99 | 1.00 | 3.89 | |
| 2012 | 0.75 | 0.82 | 0.88 | 0.91 | 3.36 | |
| 2011 | 0.67 | 0.70 | 0.72 | 0.73 | 2.82 | |
| 2010 | 0.45 | 0.55 | 0.60 | 0.61 | 2.21 | |
| 2009 | 0.56 | 0.57 | 0.56 | 0.06 | 1.75 | |
| 2008 | 0.60 | 0.53 | 0.49 | -0.92 | 0.7 | |
| 2007 | 0.66 | 0.67 | 0.64 | 0.41 | 2.38 | |
| 2006 | 0.60 | 0.61 | 0.64 | 0.62 | 2.47 | |
| 2005 | 0.54 | 0.56 | 0.58 | 0.57 | 2.25 |