secwatch.observer — SEC 8-K summary
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Issuer:     WELLS FARGO & COMPANY/MN (WFC)
CIK:        0000072971
Form:       8-K
Filed at:   2024-07-12T23:59:59+00:00
Accession:  0000072971-24-000170
Event type: earnings
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72971/000007297124000170/0000072971-24-000170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72971/000007297124000170/wfc-20240712.htm
  HTML page:      https://secwatch.observer/filing/0000072971-24-000170

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