logo
Share SHARE
FONT-SIZE Plus   Neg

Wells Fargo Q3 Profit Rises - Quick Facts

Wells Fargo & Co. (WFC) reported that its third-quarter of 2013 net income applicable to common stock rose to $5.32 billion or $0.99 per share, from $4.72 billion, or $0.88 per share in third quarter 2012. Analysts polled by Thomson Reuters expected the company to report earnings of $0.97 per share for the quarter. Analysts' estimates typically exclude special items.

Provision for credit losses for the quarter fell to $75 million from $1.59 billion in the prior year.

Revenues for the quarter declined to $20.5 billion from $21.2 billion in the prior year quarter. Twenty three analysts had consensus revenue estimate of $20.97 billion for the quarter.

Net interest income for the quarter grew to $10.75 billion from $10.66 billion last year. Total noninterest income for the quarter slipped to $9.73 billion from the prior year's $10.55 billion.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Alphabet Inc. (GOOG, GOOGL), the parent company of Google, Thursday reported an increase in profit for the first quarter, driven largely revenue growth in search and advertising. Alphabet's first-quarter profit rose to $5.43 billion or $7.73 per share from $4.21 billion or $6.02 per share last year. On... A passenger was booted from a Delta Air Lines flight after an emergency run to the bathroom while the plane was delayed for almost two hours on the tarmac, according to media reports. Kima Hamilton, 39, reportedly said that he needed to use the restroom while the plane was on the tarmac in Atlanta en route to Milwaukee on April 18. McDonald's is going to discontinue a popular item that has been on the menu for decades - the Hi-C Orange Lavaburst - from May 1, according to a memo posted on Reditt. With customers having only a few more days to get their hands on the iconic, popular beverage before its gone forever, McDonald's is already facing a backlash for its decision.
comments powered by Disqus
Follow RTT