earnings
confidence high
sentiment positive
materiality 0.85
Wells Fargo Q2 net income $6.4B, EPS $2.00 up 25% YoY; revenue +9%
WELLS FARGO & COMPANY/MN
- Diluted EPS $2.00 vs $1.60 YoY; net income $6.4B vs $5.5B.
- Total revenue $22.6B (+9% YoY); net interest income $12.3B (+5%).
- ROTCE 17.7% vs 15.2% YoY; CET1 ratio 10.3% (flat QoQ).
- Repurchased 37.4M shares for $3.0B in Q2; Q3 dividend expected to rise 11% to $0.50.
- Net charge-offs 0.34% annualized, down from 0.44% YoY; credit quality strong.