Wells Fargo posts $5.8 billion in net income

Wells Fargo’s net income rose 16% year over year to $21.9 billion, and JPMorgan Chase watched its net income. it isn’t dramatically different than what Wells Fargo posts (47% vs. 36%). Citigroup.

Wells Fargo ( WFC ) reported net income of $5.8 billion in the first quarter, a slight drop from $5.9 billion in the first quarter of 2014. While Wells Fargo’s net income did drop slightly year-over-year, the bank’s net income rose over the fourth quarter of 2014 , when the bank reported net income of $5.7 billion.

 · Annual Financials for Wells Fargo & Co. Net Interest Income Growth – 1.70% 4.08% 5.41% 3.78% loan loss provision 2.31b 1.4b 2.44b 3.77B 2.53B Loan Loss Provision Growth – -39.58% 75.05% 54.38% -32.94% Net Interest Income after Provision 40.49B 42.13B 42.86B 43.98B 47.03B Net Interest Inc After Loan Loss Prov Growth – 4.05% 1.73% 2.62% 6.92%.

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Wells Fargo Net Income ($ in billions, except EPS) $5.7 . $5.8 $1.02 $1.05 . 3Q14 3Q15. Diluted earnings per common share. pre-tax pre-provision profit ($ in billions) $9.5 $9.0 Earnings of $5.8 billion Diluted earnings per common share of $1.05 Revenue up 3% both year-over-year (YoY) and linked quarter (LQ) -Net interest income up 5% YoY and 2.

But that income could be difficult. quarter from the first quarter. wells fargo is the first of the major banks to post earnings, and rivals likely faced similar headwinds Overall, Wells Fargo.

Profits rose at Wells Fargo in the three months through March. from the bank on its search for the next top executive. Net income at the San Francisco-based company was $5.9 billion in the first.

Wells Fargo & Company (NYSE:WFC) reported net income of $5.8 billion, or $1.05 per diluted common share, for third quarter 2015, compared with $5.7 billion, or $1.02 per share, for third quarter.

Wells Fargo broke its record for auto originations in 2Q12 with a total of $6.6 billion, up 6% from 1Q12 and up 18% from 2Q11. The results reflected “growth across the credit spectrum,” the lender said in.

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14.04.2016 | Wells Fargo reports first quarter 2016 net income of US$ 5.5 billion, compared to US$ 5.8 billion in first quarter 2015. As at 31 March 2016, the company’s total assets reached US$ 1.849 trillion.

However, on a call with analysts, Chief Financial Officer Marianne Lake said net interest income. dropped 14 percent to $4.8 billion, mostly due to fixed income trading. It was the first decline in.

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