Wells Fargo Reports Third Quarter 2024 Financial Results

Rhea-AI Summary

Wells Fargo & Company (NYSE: WFC) has released its third quarter 2024 financial results, available on the company's website and filed with the SEC. The company will host a live conference call on Friday, Oct. 11, at 10:00 a.m. Eastern time to discuss the results. Wells Fargo is a leading financial services company with approximately $1.9 trillion in assets, providing a diverse range of banking, investment, and mortgage products and services through four reportable operating segments. The company ranked No. 34 on Fortune's 2024 rankings of America's largest corporations and focuses its social impact on building a sustainable, inclusive future in the communities it serves.

Positive

• Wells Fargo has approximately $1.9 trillion in assets
• Ranked No. 34 on Fortune's 2024 list of America's largest corporations

Negative

• None.

Insights

Financial Analyst

Wells Fargo's Q3 2024 financial results release is a significant event for investors. While specific figures aren't provided in this announcement, the availability of detailed results on their website and SEC filings is crucial. As one of the largest banks in the U.S., with $1.9 trillion in assets, Wells Fargo's performance can indicate broader economic trends.

Key points to watch in the full report include:

• Net interest income, which may reflect the impact of interest rate changes
• Loan growth and credit quality, indicating consumer and business financial health
• Performance across their four segments, especially Consumer Banking and Lending
• Any updates on efficiency initiatives or regulatory matters

The scheduled conference call will provide additional context and management's perspective on results and outlook. Investors should pay close attention to any forward-looking statements or guidance provided during this call.

SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE: WFC) has released its third quarter 2024 financial results. The financial results are available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and on a Form 8-K filed by the company with the Securities and Exchange Commission (SEC) on Oct. 11, 2024, and available on the SEC’s website at www.sec.gov.

Exterior of a Wells Fargo bank. (Photo: Wells Fargo)

Conference call

The company will host a live conference call on Friday, Oct. 11, at 10:00 a.m. Eastern time. You may listen to the call by dialing 1-888-673-9782 (U.S. and Canada) or 312-470-7126 (International/U.S. Toll) and entering passcode: 7928529#. The call will also be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/.

A replay of the conference call will be available from approximately 1:00 p.m. Eastern time on Oct. 11 through Friday, Oct. 25. Please dial 1-800-839-1334 (U.S. and Canada) or 203-369-3831 (International/U.S. Toll) and enter passcode: 7483#. A webcast replay will also be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune’s 2024 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com

LinkedIn: https://www.linkedin.com/company/wellsfargo

News Release Category: WF-CF

View source version on businesswire.com: https://www.businesswire.com/news/home/20241010140725/en/

Media

Beth Richek, 980-308-1568

beth.richek@wellsfargo.com

Investor Relations

John Campbell, 415-396-0523

john.m.campbell@wellsfargo.com

Source: Wells Fargo & Company

FAQ

When did Wells Fargo (WFC) release its Q3 2024 financial results?

Wells Fargo (WFC) released its third quarter 2024 financial results on October 11, 2024.

How can investors access Wells Fargo's (WFC) Q3 2024 earnings call?

Investors can access Wells Fargo's (WFC) Q3 2024 earnings call on Friday, Oct. 11, at 10:00 a.m. Eastern time by dialing 1-888-673-9782 (U.S. and Canada) or 312-470-7126 (International/U.S. Toll) and entering passcode: 7928529#. The call will also be available online at the company's investor relations website.

What is Wells Fargo's (WFC) total asset value as of Q3 2024?

Wells Fargo (WFC) reported approximately $1.9 trillion in assets in its Q3 2024 financial results.

What are Wells Fargo's (WFC) four reportable operating segments?

Wells Fargo's (WFC) four reportable operating segments are Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management.