We have reported our second quarter 2024 results: https://lnkd.in/ePMgePNe
How many people were laid off to get to this?
Hello Wells Fargo Team, I am continually impressed by the impactful work Wells Fargo is doing in the financial sector. As a finance student passionate about financial analysis and market research, I am eager to contribute to your team and learn from your expertise. Could you please guide me on how to apply for internship opportunities at Wells Fargo? I would love to bring my skills and enthusiasm to your projects. Thank you! Abhi Johnson [LinkedIn: www.linkedin.com/in/abhijohnson]
I am very pleased to see in the second quarter of 2024, Wells Fargo delivered a solid financial performance under the leadership of CEO Charlie Scharf. The bank experienced growth in diluted earnings per common share compared to both the preceding quarter and the corresponding period from the previous year. Noteworthy highlights from the quarter include a 6% revenue increase in the Wealth Management division, driven by a 12% surge in noninterest income primarily fueled by higher asset-based fees due to improved market valuations.
Seeing this set of numbers, to be honest, I don’t feel comfortable in the heart. Wells Fargo, as ranks among the four largest banks in the United States, with a net profit margin of 23.67% and a diluted earnings per share to 💲1.33. That's awesome! Bloodthirsty devil! ＊Diluted EPS = after-tax net profit ÷ (number of common shares in circulation + diluted shares)
Excellent news from Wells Fargo! The next rally is expected to be led by the Financial sector and FinTech companies. These strong results signal positive momentum and encouraging trends for the industry. Exciting times ahead!
Congratulations Wells Fargo keep it up!
Results looks solid. Great
WF teams great efforts equate great outcomes! Congratulations!
Fab! 👏🏻
Executive Director, Force Multiplier, Insider Threat Oversight, Operational Risk Senior Manager at Wells Fargo. Disclosure: My posts and engagement in discussions on LinkedIn represent my own personal opinions.
1moA key passage: "Our risk and control work remains our top priority, and we are also continuing to execute on our strategy to better serve our customers and drive higher returns over time."