Exploring Wells Fargo's Q2 2024 Earnings Report and Key Metrics

Friday, 12 July 2024, 11:49

Delve into Wells Fargo's second quarter 2024 earnings report to uncover the financial performance indicators. Total revenue increased by 1% to reach $20.7 billion, with net income experiencing a slight 1% decrease to $4.9 billion. Despite a 3% drop in average loans, the EPS exhibited a notable 6% growth to $1.33. Stay informed about the quarterly highlights and financial insights from Wells Fargo's latest earnings update.
AlphaStreet
Exploring Wells Fargo's Q2 2024 Earnings Report and Key Metrics

Key Points:

This article focuses on Wells Fargo's Q2 2024 financial performance, highlighting essential indicators such as total revenue and net income.

Highlights:

  • Total revenue rose 1% year-over-year to $20.7 billion.
  • Net income dropped 1% to $4.9 billion, while EPS grew 6% to $1.33.
  • Average loans decreased by 3%, while average deposits remained stable.

Stay tuned for further updates on Wells Fargo's financial performance in the second quarter of 2024.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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