AI English summary of an SEC filing — figures as filed

The company said net income for Q3 2024 (ended Sep 30, 2024) was $5,114 million, and diluted earnings per common share was 1.42, compared with $5,767 million and 1.48 a year earlier.

8-KResults of Operations and Financial ConditionFiled Oct 11, 2024Period of report Oct 11, 2024Summary published (UTC) Oct 20, 2026

Key points

AI summary

The company said net income for Q3 2024 (ended Sep 30, 2024) was $5,114 million, and diluted earnings per common share was 1.42, compared with $5,767 million and 1.48 a year earlier.
Wells Fargo said net interest income for Q3 2024 was $11,690 million, down 11% from a year earlier, and noninterest income was $8,676 million, up 12%. Total revenue was $20,366 million.
The company said its provision for credit losses for Q3 2024 was $1,065 million and net charge-offs were $1,111 million, and that net loan charge-offs were 0.49% of average total loans on an annualized basis.
The company said it repurchased 62 million shares of common stock, totaling $3.5 billion, in Q3 2024, and that its CET1 ratio as of September 30, 2024 was 11.3%, a preliminary estimate.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Wells Fargo Q3 2024 net income and diluted earnings per share

The company said net income for Q3 2024 (ended Sep 30, 2024) was $5,114 million, and diluted earnings per common share was 1.42, compared with $5,767 million and 1.48 a year earlier.

Source · Based on the filing body and exhibits

Wells Fargo Net Interest and Noninterest Income Changes, Q3 vs. Year Earlier

Wells Fargo said net interest income for Q3 2024 was $11,690 million, down 11% from a year earlier, and noninterest income was $8,676 million, up 12%. Total revenue was $20,366 million.

Source · Based on the filing body and exhibits

Wells Fargo Credit Costs and Net Charge-Offs in Q3

The company said its provision for credit losses for Q3 2024 was $1,065 million and net charge-offs were $1,111 million, and that net loan charge-offs were 0.49% of average total loans on an annualized basis.

Source · Based on the filing body and exhibits

Wells Fargo Share Buybacks and CET1 Ratio in Q3

The company said it repurchased 62 million shares of common stock, totaling $3.5 billion, in Q3 2024, and that its CET1 ratio as of September 30, 2024 was 11.3%, a preliminary estimate.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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