Strong bank earnings boosted by the American consumer — and heavy buybacks [Yahoo! Finance News]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Yahoo! Finance News
Strong earnings for the final quarter of 2019 show a healthy bank industry and an even healthier U.S. consumer, although estimate-beating bottom-line earnings also got a generous boost from heavy buyback activity. “Our results continue to reflect the strength of the U.S. consumer in the biggest economy in the world,” Bank of America BAC JPMorgan Chase “Our outlook heading into 2020 is constructive, underpinned by the strength of the U.S. consumer,” Dimon said on his company’s earnings call on Jan. 14. The largest U.S. banks reported earnings for the fourth quarter this week, showing estimate-beating earnings despite challenges on historically low interest rates. Net interest margin, a measure of the interest collected on loans minus interest paid on deposits, has continued to face pressure despite the Federal Reserve’s three rate cuts in 2019. Among the four largest American banks, only Citigroup Citi CFO Mark Mason told reporters Jan. 14 that with the Fed expected to make little m
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News
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- Citigroup Selling Maple Bonds in First Sizable Deal Since 2015 [BNN Bloomberg (Canada)]BNN Bloomberg
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/23/24 - Form 8-K
- 4/23/24 - Form PX14A6G
- 4/23/24 - Form 424B2
- WFC's page on the SEC website