What trends are visible in WFC's 2024 quarterly earnings?
3/28/2025 05:41pm
Wells Fargo's net income has shown a general upward trend over the past year, with some fluctuations. Here's a summary of the key points:
1. **Growth Trend**: The net income for the first quarter of 2024 was $4.62 billion. This figure increased to $4.91 billion in the second quarter, $5.17 billion in the third quarter, and $5.26 billion in the fourth quarter. This indicates a general upward trajectory in the bank's earnings over the year.
2. **Consistency**: The bank maintained a relatively consistent growth rate throughout the year, with the exception of a slight dip in the third quarter. This suggests that Wells Fargo was able to sustain its performance across all quarters.
3. **Stability**: The fact that the net income did not experience a significant decline in any quarter indicates a stable financial performance. This stability is a positive sign for investors, as it suggests that the bank is managing its operations effectively and is able to generate consistent returns.
|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|WFC|WFC.N|Wells Fargo|2024 Q1|-5.266393442622951|4.623E9|169|
|WFC|WFC.N|Wells Fargo|2024 Q2|0.12237405669997961|4.909E9|169|
|WFC|WFC.N|Wells Fargo|2024 Q3|-9.867503486750348|5.17E9|169|
|WFC|WFC.N|Wells Fargo|2024 Q4|49.94301994301995|5.263E9|169|