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Third-quarter profit 40% higher than year ago but 10% below Q2 Trading revenue up 6% year-on-year, led by equity Return on tangible common equity at 11.5% in Q3; 12.6% this year (Adds shares in paragraph 4 and executive comment) By Tatiana Bautzer and Prakhar Srivastava Oct 13 (Reuters) — Citigroup's third-quarter prof
(This story was generated using AI and automation, please see disclaimer ) Overview US bank's preliminary Q3 revenue rose 2% yr/yr but missed analyst expectations Company repurchased $2.5 bln of common stock in Q3 Outlook Company says economic uncertainty persists and consumer sentiment remains mixed Wells Fargo notes
EPS $1.87 Rev. $21.87B, est. $22.31B Corporate and Investment Banking rev. $5.01B Commercial Banking rev. $3.24B Investment banking fees $894M, est. $901.2M Net interest income $12.52B, est. $12.59B Net interest margin 2.43%, est. 2.41% Provision for credit losses $1.03B, est. $1.14B Non-interest expenses $13.74B, est.
Wells Fargo is scheduled to report Q3'26 results on October 13 before the market opens. Revenue and EPS estimates were provided, but their values are omitted here.
U.S. stock futures point to a strong start to the week on Monday as Wall Street welcomes cooling energy prices and prepares for the official kickoff of third-quarter bank earnings. According to the Oct. 12 contract on Polymarket, a Polygon (CRYPTO: POL) based prediction platform, traders are heavily bullish on the S&P
Third-quarter earnings season starts Tuesday with the largest U.S. banks. JPMorgan Chase & Co. (NYSE: JPM ), Goldman Sachs Group Inc. (NYSE: GS ), Citigroup Inc. (NYSE: C ) and Wells Fargo & Co. (NYSE: WFC ) report Oct. 13 before the open. Bank of America Corp. (NYSE: BAC ) and Morgan Stanley (NYSE: MS ) follow on Oct.
WFC (Wells Fargo & Company) is set to announce its Q3'26 results on October 13, before the market opens. The earnings are expected to be disclosed at 7:00 AM ET (11:00 AM UTC).For Q3'26, revenue estimate is 22.29 billion USD with EPS (earnings per share) anticipated at 1.84 USD. Learn more details…
Wells Fargo & Company (NYSE: WFC ) shares gave up their earlier gains after CFO Mike Santomassimo said at the Barclays Conference that FY2026 loan growth is likely to exceed guidance on Tuesday. Santomassimo noted solid U.S. economic activity and stable credit delinquency trends, though middle-market clients remain cau