Wells Fargo: Q4 EPS up by two-thirds

(CercleFinance.com) - Wells Fargo reports net income of $5.
08bn for Q4 2024, representing EPS that is up 66% to $1.43, with its return on tangible equity (ROTCE) improving 4.9 points to 13.9%. NB: pmt +3.3%.

Also y-o-y, the Californian bank's credit loss provisions fell 15% to just under $1.1bn, while non-interest expenses were down 12% to $13.9bn.

At just under $20.4bn, revenues were stable compared with Q4 2023, as a 7% contraction in net interest income was offset by an 11% increase in other types of income.


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