Wells Fargo reported net income of $5.6 billion, or $1.03 per diluted. This is also compared to $5.8 billion, or $1.05 per share, for third quarter. Net income at the bank was $5.64 billion, down slightly from $5.8 billion.
San Francisco-based Wells Fargo saw revenues jump by 3 percent in Q1 up to $21.3 billion, while net income declined slightly year-over-year – from $5.9 billion down to $5.8 billion.
Overall, the fourth-largest U.S. bank’s net income for common shareholders was $5.41 billion, or $1.02 per share, in the quarter, in line with analysts’ expectations. A year ago, it posted profit of.
First National Bank Alaska grew its second quarter net income 3.7 percent year-over-year to more than $13.1 million, according to results posted on the bank’s website. FNBA also eclipsed the $2 billion threshold in total loans in the second quarter with 4.7 percent year-over-year portfolio growth.
Total expenses dropped 4% to $13.4 billion and total net interest income fell 3% to $12.1 billion. Wells Fargo, the fourth largest U.S. bank by assets, has been leaning on cost cuts to stabilize its.
Wells Fargo (WFC) reported its first-quarter earnings on April 14, 2015. The company reported $5.8 billion in net income, or $1.04 per share.
Morgan Stanley Hires Wells Complex Manager for Seattle Post;. Wells Fargo Wealth Headcount Slips Again, Fee-Based Assets Rise. The bank company’s total net income of $5.8 billion was up.
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Wells Fargo beats on earnings, misses on revenue. Here are the key numbers: Net income of $5.8 billion, or $1.07 per share. That’s up 5% from second quarter 2016.
Rumors have been circulating, including the most recent report Thursday, that the Consumer Financial Protection Bureau is on the brink of hitting wells fargo. 2018 net income by $800 million, or $0.
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Wells Fargo broke its record for auto originations in 2Q12 with a total of $6.6 billion, up 6% from 1Q12 and up 18% from 2Q11. The results reflected "growth across the credit spectrum," the lender said in its earnings report. Those results even beat chase auto finance’s second quarter results of $5.8 billion in auto [.]
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But questions are now circulating about Carrie Tolstedt, the unit’s leader, who’s set to depart her post with $124.6 million. period reviewed by the CFPB, Wells Fargo set a record in reporting net.