From None: 2025-01-15 11:17:00

Wells Fargo (NYSE:WFC) shares surged over 5% today as the bank reported strong fourth-quarter results for 2024. The bank exceeded analyst expectations with an EPS of $1.43 and net interest income of $11.84 billion. Return on tangible common equity was 13.9%, surpassing forecasts, and the bank returned $25 billion to shareholders.

While revenue slightly missed estimates at $20.38 billion, Wells Fargo’s performance metrics impressed. The bank’s return on equity hit 11.7%, beating the expected 11%, and NII exceeded projections at $11.84 billion. The company also made progress in risk management and returned significant capital to shareholders.

Looking ahead, Wells Fargo anticipates NII growth of 1% to 3% in 2025 compared to 2024. The bank remains focused on strategic initiatives and delivering strong financial results for investors.



Read more at None:: Wells Fargo Beats Q4 Expectations, Shares Gain 5%