---
schema_version: "secwatch.filing_event.v1"
accession: "0000072971-24-000218"
form_type: "8-K"
ticker: "WFC"
cik: "0000072971"
company_name: "WELLS FARGO & COMPANY/MN"
filed_at: "2024-10-11T23:59:59+00:00"
generated_at: "2026-05-30T16:02:47.541496+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Wells Fargo Q3 net income $5.1B ($1.42 EPS), down 11% YoY; revenue $20.4B

## Summary
- Net income fell to $5.114B from $5.767B YoY; diluted EPS $1.42 vs $1.48.
- Total revenue $20.37B, down from $20.86B; net interest income pressured, fee revenue up 16% YTD.
- Average loans $910.3B (-3.5% YoY); average deposits $1.34T, flat YoY.
- Repurchased 62M shares for $3.5B in Q3; quarterly dividend increased 14%.
- Includes $447M net losses on debt securities from investment portfolio repositioning.

## SEC filing metadata
- accession: 0000072971-24-000218
- form_type: 8-K
- ticker: WFC
- cik: 0000072971
- company_name: WELLS FARGO & COMPANY/MN
- filed_at: 2024-10-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72971/000007297124000218/0000072971-24-000218-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72971/000007297124000218/wfc-20241011.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072971-24-000218
- JSON: https://secwatch.observer/filing/0000072971-24-000218.json
- Plain text: https://secwatch.observer/filing/0000072971-24-000218.txt

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