WFC Earnings Prediction
The chart below shows how WFC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WFC sees a -2.48% change in stock price 10 days leading up to the earnings, and a +3.75% change 10 days following the report. On the earnings day itself, the stock moves by +0.94%. This data can give you a slight idea of what to expect for the next quarter's release.
WFC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
19.67B
-1.25%
-2.90%
Gross Margin
--
--
--
Operating Margin
24.71%
44.33%
-22.47%
Net Margin
26.76%
51.87%
4.82%
EPS
1.43
66.28%
0.70%
No Data Available
WFC Earnings Analysis
Wells Fargo & Co Corporation (WFC.N) Earnings Conference Call
Positive
Earnings Profile Improvement: Our earnings profile continues to improve.
Investment Benefits and Growth: We are seeing the benefits from investments we're making to increase growth and improve how we serve our customers and communities.
Capital Return and Risk Management: We maintained a strong balance sheet, returned $25 billion of capital to shareholders, and made significant progress on our risk and control work.
Net Income and EPS Growth: We grew net income and our diluted earnings per share was up 11% from a year ago.
Fee-Based Revenue Growth: In 2024, our strong fee-based revenue growth, up 15% from a year ago, largely offset the expected decline in net interest income.
Negative
Strong Q4 Net Income: We had solid results in the fourth quarter, including net income of $5.1 billion or $1.43 per diluted common share. Underlying business performance was strong compared to a year ago.
Banking Revenue Decline: Consumer Small and Business Banking revenue declined 7% from a year ago, driven by lower net interest income, reflecting the impact of customers migrating to higher yield and deposit products.
Decline in Average Loans: Average loans were down from both the third quarter and a year ago, driven by continued reductions in our commercial real estate portfolio driven by office as we continued to access to capital markets for funding.
Banking Revenue Decline: Banking revenue was down 4% from a year ago, driven by higher deposit costs and lower loan balances.
Net Interest Income Decline: Our fourth quarter annualized net interest income is $47 billion or approximately $700 million lower than fully year 2024.
