Saturday, 14 October 2023

WFC Earnings: Key quarterly highlights from Wells Fargo’s Q3 2023 financial results

by Rose White

Wells Fargo & Company (NYSE: WFC) reported third quarter 2023 earnings results today.

WFC Earnings: Key quarterly highlights from Wells Fargo’s Q3 2023 financial results

Total revenue increased 7% year-over-year to $20.8 billion.

Net income increased 61% to $5.76 billion while EPS rose 72% to $1.48 compared to last year.

Revenue and earnings beat estimates.

Average loans amounted to $943.2 billion while average deposits dropped 5% to $1.34 trillion.

Prior performance

The post WFC Earnings: Key quarterly highlights from Wells Fargo’s Q3 2023 financial results first appeared on AlphaStreet.

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