Wells Fargo posts $5.8 billion in net income

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Senator Elizabeth Warren questions Wells Fargo CEO John Stumpf at Banking Committee Hearing Third quarter net profit was 1% higher at $5.8 billion. Net interest income increased by $516 million compared to the same period last year, reflecting high loan growth.. wells fargo Posts.

Full year net income was $23.1 billion, compared with $21.9 billion in 2013. For fourth quarter 2014, net income was $5.7 billion, or $1.02 per share, compared with $5.6 billion, or $1.00 per.

Citigroup’s net income jumped 74 percent to $3.77. It was the third-largest U.S. bank by assets at midyear, ahead of Wells Fargo. The CVA helped Citigroup’s securities and banking unit post a $2.14.

Wells Fargo Reports $5.8 Billion in Quarterly Net Income. The plan also includes up to $11.5 billion of gross common stock repurchases, subject to management discretion, for the four-quarter period from third quarter 2017 through second quarter 2018.

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.

For San Francisco-based Wells Fargo in Q1, revenues increased by 3 percent year-over-year up to $21.3 billion. Although net income slightly declined from the same quarter a year ago from $5.9.

Chief Financial Officer John Shrewsberry said, "Wells Fargo reported $5.8 billion of net income in the second quarter, up on a linked-quarter and year-over-year basis. Overall results were solid in.

Fed chair Janet Yellen will officially leave her post Saturday, but she’s not going quietly. 300 million to $400 million off its bottom line in 2018. (Wells Fargo made $22.2 billion in net income.

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