Published on 9 Apr 2024 on Zacks via Yahoo Finance
What's in the Cards for Wells Fargo (WFC) in Q1 Earnings?
Wells Fargo & Company WFC is scheduled to report first-quarter 2024 results on Apr 12, before the opening bell. The company’s quarterly revenues and earnings are expected to have declined year over year.
In the last reported quarter, WFC’s earnings beat the Zacks Consensus Estimate on higher non-interest income. An improvement in capital ratios and a decline in expenses were other positives. However, the decline in net interest income (NII), worsening credit quality and a dip in loan balances were the undermining factors.
Over the trailing four quarters, Wells Fargo’s earnings surpassed the consensus estimate on all four occasions, the average surprise being 9.5%.