---
schema_version: "secwatch.filing_event.v1"
accession: "0000072971-24-000170"
form_type: "8-K"
ticker: "WFC"
cik: "0000072971"
company_name: "WELLS FARGO & COMPANY/MN"
filed_at: "2024-07-12T23:59:59+00:00"
generated_at: "2026-05-31T21:34:35.454446+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Wells Fargo Reports Q2 2024 Net Income of $4.9B, EPS $1.33

## Summary
- Revenue was $20.7B, net income $4.9B, diluted EPS $1.33 vs $1.25 a year ago.
- Repurchased 100.5M shares for $6.1B in Q2; plans 14% dividend increase for Q3.
- CET1 ratio improved to 11.0% from 10.7% a year ago.
- Launched two new credit cards in Q2, driving higher card spend and account growth.
- Average deposits grew in all business lines; commercial loan demand remained tepid.

## SEC filing metadata
- accession: 0000072971-24-000170
- form_type: 8-K
- ticker: WFC
- cik: 0000072971
- company_name: WELLS FARGO & COMPANY/MN
- filed_at: 2024-07-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72971/000007297124000170/0000072971-24-000170-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72971/000007297124000170/wfc-20240712.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072971-24-000170
- JSON: https://secwatch.observer/filing/0000072971-24-000170.json
- Plain text: https://secwatch.observer/filing/0000072971-24-000170.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.