Jim Cramer on Wells Fargo: “When You Drill Down, the Business Is Doing Pretty Well” [Yahoo! Finance]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Yahoo! Finance
“What about today's reports from the other three bigs? Okay, Wells Fargo, which we own for the Charitable Trust, reported a top and bottom-line miss. While sales were up 4.5% year-over-year, and earnings grew by 13%, they still came in light, as did net interest income. It was disappointing. That said, a big chunk of that earnings shortfall came from higher severance expense… Wells Fargo, by the way, laid off a lot of people to cut costs. When you drill down, the business is doing pretty well, just not quite as well as Wall Street, and I were hoping… Efficiency ratio, a key measure of cost, fell from 68% to 64%. Lower, by the way, is better when it comes to that measure… But the analysts spoiled by CEO Charlie Scharf's relentless cost-cutting were looking for 62.5%. Just not good enough. Photo by Erol Ahmed on Unsplash Wells Fargo & Company (NYSE:WFC) provides financial services, including banking, lending, investment, and wealth management solutions.
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WFC
News
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- Cracks begin to appear at the biggest U.S. banks [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Wells Fargo & Company (NYSE:WFC) had its price target lowered by analysts at TD Cowen from $102.00 to $100.00. They now have a "hold" rating on the stock.MarketBeat
- Wells Fargo & Company (NYSE:WFC) had its "outperform" rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $100.00 price target on the stock.MarketBeat
WFC
Earnings
- 1/14/26 - Miss
WFC
Sec Filings
- 1/16/26 - Form 424B2
- 1/16/26 - Form 424B2
- 1/16/26 - Form 424B2
- WFC's page on the SEC website