𝐖𝐞𝐥𝐥𝐬 𝐅𝐚𝐫𝐠𝐨: 𝐐𝟑 𝐄𝐏𝐒 𝐁𝐞𝐚𝐭𝐬 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐬 𝐛𝐮𝐭 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐌𝐢𝐬𝐬𝐞𝐬 𝐚𝐬 𝐋𝐨𝐚𝐧𝐬 𝐚𝐧𝐝 𝐃𝐞𝐩𝐨𝐬𝐢𝐭𝐬

$WFC (-0,08%)

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📊 𝐑𝐞𝐬𝐮𝐥𝐭𝐬

• EPS: $1.87 (Est. $1.85) ✅, +13% YoY.

• Revenue: $21.9B (Est. $22.3B) ❌, +2% YoY.

• Net Interest Income: $12.52B (Est. $12.63B) ❌

• Noninterest Income: $9.35B (Est. $9.59B) ❌

• Net Income: $5.95B, +6% YoY.

• Consumer Banking & Lending Revenue: $10.66B, +5% YoY.

• Commercial Banking Revenue: $3.24B, +6% YoY.

• Corporate & Investment Banking Revenue: $5.01B, +3% YoY.

• Wealth & Investment Management Revenue: $4.10B, +12% YoY.

• ROE: 13.8% (Est. 13.4%) ✅ | ROTCE: 16.3%.

• CET1 Ratio: 10.0% (Est. 10.1%) ❌

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📌 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• EPS beat consensus by ~1.1%, while revenue missed estimates by ~1.8%.

• Average loans and deposits both grew 11% YoY, reaching $1.03T and $1.48T, respectively.

• Wealth & Investment Management delivered the strongest segment revenue growth at +12%, with client assets rising 11% to $2.74T.

• Equities trading revenue jumped 21% YoY to $543M, while FICC declined 7% to $1.26B.

• Investment banking revenue rose 10% to $611M, while total markets revenue slipped 1% to $1.84B.

• Credit loss provisions totaled $1.03B, with net loan charge-offs of $983M.

• Wells Fargo repurchased $2.5B of shares during Q3, equivalent to 28.6M shares.

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💬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐂𝐨𝐦𝐦𝐞𝐧𝐭𝐚𝐫𝐲

“While economic uncertainty exists and consumer sentiment remains mixed, our data shows that our consumer and business customers are doing well.”