Wells Fargo posts $5.8 billion in net income

SAN FRANCISCO – Wells Fargo & Company (NYSE:WFC) reported net income of $5.8 billion, or $1.05 per diluted common share, for third quarter 2015, compared with $5.7 billion, or $1.02 per share, for third quarter 2014, and $5.7 billion, or $1.03 per share, for second quarter 2015.

For San Francisco-based Wells Fargo in Q1, revenues increased by 3 percent year-over-year up to $21.3 billion. Although net income slightly declined from the same quarter a year ago from $5.9.

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JPMorgan Chase lowered its outlook for 2019 net interest income by about $500 million on Tuesday, following similar moves by rival big banks Wells Fargo and Citigroup. That is a lower forecast for.

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Rumors have been circulating, including the most recent report Thursday, that the Consumer Financial Protection Bureau is on the brink of hitting Wells Fargo. 2018 net income by $800 million, or $0.

Wells Fargo & Company (NYSE: WFC) reported net income of $5.8 billion, or $1.04 per diluted common share, for first quarter 2015, compared with $5.9 billion, or $1.05 per share, for first quarter 2014, and up from $5.7 billion, or $1.02 per share, for fourth quarter 2014.

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Earnings beat expectations Wells Fargo (WFC) reported its first-quarter earnings on April 14, 2015. The company reported $5.8 billion in net income, or $1.04 per share. This was higher than.

This morning, Wells. nearly $1 billion a year ago. Then why the drop? There wasn’t much negative news in the company’s earnings report, but there are a few possible explanations for the stock drop.

Chief Financial Officer John Shrewsberry said, "Wells Fargo reported a solid $5.8 billion of net income for the third quarter. Revenue increased on both a linked quarter and year over year basis, on growth in both net interest income and noninterest income.

Wells Fargo broke its record for auto originations in 2Q12 with a total of $6.6 billion, up 6% from 1Q12 and up 18% from 2Q11. The results reflected "growth across the credit spectrum," the lender said in its earnings report. Those results even beat Chase Auto Finance’s second quarter results of $5.8 billion in auto [.]

wells reported .7 billion in net income in the third quarter. But back on the 40th floor of One Wells Fargo Center in Charlotte. quips during his first public interview since taking his post.

Chief Financial Officer John Shrewsberry said, "Wells Fargo reported $5.8 billion of net income in the second quarter, up on a linked-quarter and year-over-year basis.