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
Toy maker Hasbro Inc. (HAS) reported a profit for the fourth-quarter 2015 that grew about 3.5% from last year. Quarterly net revenues increased 13% from the prior year. Both earnings per share and revenue for the quarter beat analysts' expectations. Healthcare plan provider Centene Corp. (CNC) has been executing on its strategic objectives, including margin expansion. With its growing portfolio of integrated health solutions, Centene has a strong presence in government-sponsored healthcare, the highest growth category in the industry. A California man has filed a lawsuit against McDonald's alleging that the fast food giant is defrauding customers by cramming its mozzarella sticks with filler instead of real cheese. Chris Howe is seeking at least $5 million in damages on behalf of consumers in 42 states and the District of Columbia. The...
comments powered by Disqus
RELATED NEWS
Trade WFC now with 
Follow RTT