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Wall St Engine
@wallstengine
Fast, accurate, consistent stock market news, earnings highlights & more. By Brillinsight. Not financial advice.
ๅ‚ๅŠ  March 2022
980 ใƒ•ใ‚ฉใƒญใƒผไธญ    204.6K ใƒ•ใ‚กใƒณ
WELLS FARGO $WFC Q3โ€™26 EARNINGS HIGHLIGHTS ๐Ÿ”น Revenue: $21.9B (Est. $22.3B) ๐Ÿ”ด; +2% YoY ๐Ÿ”น EPS: $1.87 (Est. $1.85) ๐ŸŸข; +13% YoY ๐Ÿ”น Net Interest Income: $12.52B (Est. $12.63B) ๐Ÿ”ด ๐Ÿ”น Noninterest Income: $9.35B (Est. $9.59B) ๐Ÿ”ด Segment Revenue: ๐Ÿ”น Consumer Banking & Lending: $10.66B; +5% YoY ๐Ÿ”น Commercial Banking: $3.24B; +6% YoY ๐Ÿ”น Corp & Investment Banking: $5.01B; +3% YoY ๐Ÿ”น Wealth & Investment Mgmt: $4.10B; +12% YoY CIB Banking & Markets: ๐Ÿ”น Investment Banking: $611M; +10% YoY ๐Ÿ”น FICC: $1.26B; -7% YoY ๐Ÿ”น Equities: $543M; +21% YoY ๐Ÿ”น Total Markets: $1.84B; -1% YoY Other Q3 Metrics: ๐Ÿ”น Avg Loans: $1.03T; +11% YoY ๐Ÿ”น Avg Deposits: $1.48T; +11% YoY ๐Ÿ”น Provision for Credit Losses: $1.03B ๐Ÿ”น CET1 Ratio: 10.0% (Est. 10.1%) ๐Ÿ”ด ๐Ÿ”น ROE: 13.8% (Est. 13.4%) ๐ŸŸข ๐Ÿ”น ROTCE: 16.3% ๐Ÿ”น Net Income: $5.95B; +6% YoY ๐Ÿ”น Net Loan Charge-offs: $983M ๐Ÿ”น Efficiency Ratio: 63% ๐Ÿ”น Net Interest Margin: 2.43% ๐Ÿ”น Client Assets: $2.74T; +11% YoY Capital Return: ๐Ÿ”น Repurchases: $2.5B (28.6M shares) Comments: ๐Ÿ”ธ โ€œWhile economic uncertainty exists and consumer sentiment remains mixed, our data shows that our consumer and business customers are doing well.โ€
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