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Just Reported Excellent Earnings.pdf

second-quarter-2021-earnings.pdf

Preview of just reported excellent earnings

🔗 Source: www08.wellsfargomedia.com

📊 Size: 214 KB

👤 Author: Wells Fargo

⬇️ Downloads: 45

Summary

Wells Fargo reported second quarter 2021 net income of $6.0 billion, or $1.38 per diluted share, with total revenue of $20.27 billion and noninterest expense of $13.34 billion. Average loans were $854.7 billion and average deposits were $1,435.8 billion. The company's CET1 ratio was 12.1% and ROE was 13.6%. Wells Fargo also reported a $1.6 billion decrease in the allowance for credit losses and a gain on the sale of student loans. CEO Charlie Scharf stated that the company is making progress on improving efficiency and building a risk and control infrastructure, and is investing in its business to improve its competitive position.

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Description

Wells Fargo reported second quarter 2021 net income of $6.0 billion, or $1.38 per diluted share, with total revenue of $20.27 billion and noninterest expense...

Technical Information

File Format: PDF
File Size: 214 KB
Pages: 11
Language: EN
Author: Wells Fargo
Total Downloads: 45
Last Updated: 2 months ago

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