The first nine months of 2020, our net interest income was $30.6 billion. With the completion of the third quarter, we now expect full-year 2020 net interest income … Visit Shareowner Services. Wells Fargo & Company (NYSE:WFC) Q4 2020 Results Conference Call January 15, 2021 10:00 AM ET. Wells Fargo today reported earnings of roughly $3 billion, or $0.64 per diluted share, on total revenue of about $17.9 billion, beating analysts' estimates on profits but missing on revenue.. SANFRANCISCO– October 14, 2020– Wells Fargo & Company (NYSE:WFC)reported net income of $2.0 billion, or $0.42per diluted common share, for third quarter 2020, compared with net income of $4.6 billion, or $0.92 per share,for third quarter 2019, and a net loss of $2.4 billion, or $0.66 per share, for second quarter 2020. "With a more consistent broad-based recovery and as we continue to press forward with our agenda, we expect you will see that this franchise is capable of much more.". View WFC financial statements in full. Earnings: 64 cents per share vs. Refinitiv estimate of 60 cents per share, Revenue: $17.93 billion vs. $18.127 billion forecast, Net interest income: $9.275 billion vs. $9.34 billion FactSet estimate. Information contained in a quarterly earnings release speaks only as of the date of the release. Revenue from its commercial banking business came in at $2.388 billion, down 18% from $2.9 billion in the year-earlier period. © 1999 - 2021 Wells Fargo. 14, 2020, 07:06 PM. The information could be out of date and no longer accurate. Jul. Wells Fargo in February 2020 agreed to pay $3 billion to settle criminal charges and a civil action stemming from its widespread mistreatment of customers in its community bank over a 14-year period. Corporate and investment banking revenue dropped 7% year over year to $3.11 billion from $3.329 billion. Despite the sharp gain, Wells shares still lagged those of JPMorgan Chase, which rose nearly 32% in the same time period. "We have prioritized and are moving forward on our risk and control buildout," Scharf said. Wells Fargo & Company is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of … Fixed-income trading revenue was roughly flat from a year earlier. Navegó a una página que no está disponible en español en este momento. John Campbell - Director, IR. When will it be time to place a long-term bet on Wells Fargo shares? Earnings season commences with three of the four largest U.S. banks reporting fourth-quarter 2020 results. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. Wells Fargo is expected to report adjusted earnings of $0.59, vs. $0.60 in the prior-year quarter, on revenue of $18.1 billion, according to … Call 1-415-371-2921 Wells Fargo Earnings Estimates : Wells Fargo earnings were seen sliding 37% to 59 cents a share, with sales down 9% to $18.02 billion. More than four years after the Wells Fargo fake-accounts scandal erupted, the bank reported Friday another $321 million of quarterly losses tied to customer refunds. For specific account-related questions or comments, please visit Customer Service. Wells Fargo & Co. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. We're sorry, but some features of our site require JavaScript. Revenue of $17.93 billion fell short of the $18.127 billion forecast. A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Wells Fargo reported an EPS decline of 54.7% in Q3 FY 2020. "We have clarified our strategic priorities and are exiting certain non-strategic businesses; and we have identified and are implementing a series of actions to improve our financial performance.". JPMorgan's quarterly numbers, released earlier Friday, beat estimates on the top and bottom lines. Wells Fargo on Friday released mixed results for the fourth quarter, sending the bank's stock lower. Please do not enter any personal or account information in this box. Wells Fargo & Co.’s profit rose 4% in the final three months of the year. The bank's consumer banking and lending division saw revenue decline by 5% on a year-over-year basis to $8.61 billion from $9.08 billion. Learn More. Here's how the numbers compared with Wall Street expectations: Shares of Wells Fargo dipped 4.7% before the opening bell. Wells Fargo reported first-quarter 2020 earnings of 1 cent per share, including a reserve build of $3.1 billion and certain other items amid coronavirus scare. 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