Wells Fargo & Company (WFC) Q3 2024 Earnings Call Transcript
Wells Fargo & Company (NYSE:WFC) Q3 2024 Earnings Conference Call October 11, 2024 10:00 AM ETCompany ParticipantsJohn Campbell - Director of IRCharlie...
Wells Fargo
Banking · California, United States · 222,544 Employees
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About
Headquarters
420 Montgomery St, San Francisco, California, 9...Phone Number
(866) 249-3302Website
www.wellsfargo.comRevenue
$82.9 BillionStock Symbol
WFCIndustry
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Sep 11 2024
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Who is Wells Fargo
Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance produc ts and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses. Its financial products and services include checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. The Commercial Banking segment provides financial solutions to private, family owned, and certain public companies. Its products and services include banking and credit products across various industry sectors and municipalities, secured lending and lease products, and treasury management services. The Corporate and Investment Banking segment offers a suite of capital markets, banking, and financial products and services, such as corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services to corporate, commercial real estate, government, and institutional clients. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, and trust and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. It also operates through financial advisors in brokerage and wealth offices, consumer bank branches, independent offices, and digitally through WellsTrade and Intuitive Investor. The company was founded in 1852 and is headquartered in San Francisco, California.Read more
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How does Charles Scharf compare against Competing Companies' CEOs?
Charles Scharf
Chief Executive Officer & President at Wells ...
Top 50%
CEO effectiveness to drive business results
Answered by 50 Wells Fargo employees
Excellent
10%
Good
22%
Average
42%
Poor
14%
Very Bad
12%
Good
65%Bad
34%VS.
Brian Moynihan
CEO at Bank of America
Top 25%
CEO effectiveness to drive business results
Answered by 28 Bank of America employees
Excellent
25%
Good
46%
Average
21%
Poor
7%
Very Bad
0%
Good
74%Bad
25%Brian Moynihan
CEO at Bank of America
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Wells Fargo Email Formats
Wells Fargo uses at least 5 email formats with first.last (ex. John.Smith@wellsfargo.com) being used 63.7% of the time
| Wells Fargo Email Formats | Percentage | |
|---|---|---|
| first.last | John.Smith@wellsfargo.com | 63.7% |
| first.middle initials.last | John.L.Smith@wellsfargo.com | 17.6% |
| first initials + last | JSmith@wellsfargo.com | 5.9% |
| first + last | JohnSmith@wellsfargo.com | |
| first_last | John_Smith@wellsfargo.com | |
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Wells Fargo News & Media
Wells Fargo Reports Third Quarter 2024 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) has released its third quarter 2024 financial results. The financial results are available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and on a Form 8-K filed by the company with the Securities and Exchange Commission (SEC) on Oct. 11, 2024, and available on the SEC’s website at www.sec.gov. Conference call The company will host a live conference call on Friday, Oct. 11, at 10:00 a.m. EasWells Fargo profit beats forecasts as provisions shrink, shares rise
Wells Fargo's profit beat analysts' expectations in the third quarter, helped by resilience in wealth management and lower provisions for credit losses, which sent its shares up 3.5% before the bell on Friday. The bank, however, forecast a bigger-than-expected 9% drop in 2024 interest income on Friday following the U.S. Federal Reserve's jumbo-sized rate cut in September. The fourth-largest U.S. lender reported third-quarter earnings per share of $1.52, compared with expectations of $1.28,Wells Fargo Workers Claim Layoffs Sought to Disrupt Union Effort - Bloomberg Law News
Wells Fargo & Co. employees seeking to be the first nonbranch-based workers to unionize say the bank fired members of their proposed bargaining unit and made other changes to working conditions ahead of a scheduled vote.Wells Fargo expects Boeing to sell up to to $15 billion in new stock to cover for workers’ strike losses
Boeing appears to be bleeding cash. An equity offering may be the Band-Aid to fix it.
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Frequently Asked Questions Regarding Wells Fargo
Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and In... Read More
