Wells Fargo & Company

Wells Fargo Disappoints With 4th-Quarter Revenue Miss

Shares of Wells Fargo & Co. (WFC) fell after the company reported fourth-quarter and full-year 2018 results before the opening bell on Tuesday.

The San Francisco-based bank, which is one of Warren Buffett (Trades, Portfolio)'s largest holdings, posted earnings of $1.21 per share, topping Refinitiv's estimates of $1.16. Revenue, though, declined 5% from the prior-year quarter to $20.98 billion, missing expectations of $21.73 billion.

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https://finance.yahoo.com/news/wells-far...08337.html

Wells Fargo Shares Slide on Network Outage

Nationwide disruption of ATM and online networks is second in a week for troubled banking giant.

Shares of Wells Fargo & Co. (WFC - Get Report)  closed down more than 2% Thursday after a nationwide outage hit the bank's ATM and online networks.

It was the second outage to hit the troubled bank in a week. 

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https://www.thestreet.com/investing/well...e-14859288

Wells Fargo's revenue outlook spooks investors

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Wells Fargo's net income applicable to common stock rose https://reut.rs/2P8a214 to $5.51 billion, or $1.20 per share, from $4.73 billion, or 96 cents per share, a year earlier.

But on an adjusted basis, the bank earned $1.03 per share, short of analyst expectations for an adjusted profit of $1.09 per share, according to IBES data from Refinitiv.

The bank's non-interest expenses fell 7.5 percent to $13.9 billion in the quarter from a year earlier. The company is targeting expenses for 2019 of $52 billion to $53 billion.

The decline in expenses outpaced a 1.5 percent fall in total revenue. As signs of a slowing U.S. economy mount, analysts have focused on efficiency in anticipation of slower revenue and loan growth.

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https://finance.yahoo.com/news/wells-far...dYxHm2su-3

Wells Fargo’s stock falls after another disappointing outlook, hawkish rate view

Shares of Well Fargo & Co. sank Tuesday after yet another disappointing earnings report and conference call with analysts, as downbeat guidance on net interest income and expenses, and still no word on a new chief executive, overshadowed profit and revenue beats.

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Earlier, the bank reported second-quarter net income of $6.2 billion, or $1.30 a share, in the second quarter, up from $5.2 billion, or 98 cents a share, in the year-earlier period, to beat expectations of $1.30 a share, according to FactSet. Revenue was unchanged at $21.6 billion but was above expectations of $20.9 billion.

Net interest income (NII) fell 3.6% to $12.10 billion, to miss the FactSet consensus of $12.20 billion.


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https://www.marketwatch.com/story/wells-...yptr=yahoo

Wells Fargo's (WFC) Q4 Earnings Lag Estimates, Costs Up

Wells Fargo’s WFC fourth-quarter 2019 adjusted earnings of 93 cents per share lagged the Zacks Consensus Estimate of $1.12, on lower net interest income and rise in expenses. Results exclude litigation accruals.

Including litigation accruals (not tax-deductible) worth 33 cents per share related to certain matters, earnings came in at 60 cents per share compared with the prior-year quarter’s $1.21.

Reduced net interest income on lower rates and rise in expenses negatively impacted the results. Moreover, provisions soared. However, higher fee income, driven by improved mortgage banking business, was on the upside. Further, escalation in loans and deposits acted as tailwinds.

For the year ended 2019, earnings per share came in at $4.05, down 23 cents, year on year. The reported figure also missed the Zacks Consensus Estimate of $4.53.


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https://finance.yahoo.com/news/wells-far...03210.html

Wells Fargo cuts dividend by 80%

Wells Fargo (NYSE:WFC) slashes its dividend to 10 cents a share from 51 cents and boosts its credit loss reserves by $8.4B.
Compares with $3.1B reserve build in Q1.
"Our view of the length and severity of the economic downturn has deteriorated considerably from the assumptions used last quarter, which drove the $8.4B addition to our credit loss reserve in the second quarter," said CEO Charlie Scharf.
Q2 loss of 66 cents per share vs. consensus estimate for a loss of 10 cents per share and EPS of 57 cents in Q1.
Q2 net interest income (FTE basis) of $9.9B vs. consensus of $10.4B and $11.3B in Q1.
Q2 provision for credit losses for loans were $9.57B vs. $3.83B in Q1.

Der Cut war zu erwarten, aber ich denke nicht in dieser Höhe

Wells Fargo Earnings Pressured by Low Interest Rates

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Wells Fargo earned $2 billion, or $0.42 per share, in the three months ended Sept. 30. That was less than half of its $4.6 billion profit in the same period last year, though it was up substantially from the second quarter of this year, when the bank reported a $2.4 billion net loss.

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https://www.fool.com/investing/2020/10/1...erest-rat/