Wells Fargo ( (WFC) ) just unveiled an announcement.
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On October 11, 2024, Wells Fargo is slated to reveal its Q3 financial results, with a live conference call and webcast. The bank has reported a net income of $5.1 billion, equating to $1.42 per diluted share, marking a slight decrease from the previous year’s $5.8 billion and $1.48 per share. Despite fluctuations in average loans and deposits across various segments, the company witnessed a 16% growth in fee-based revenue, signaling a strategic shift in its business model. Additionally, Wells Fargo repurchased $3.5 billion worth of common stock during the quarter.
Learn more about WFC stock on TipRanks’ Stock Analysis page.