WFC - Wells Fargo's 2023 Profit Rises 9% Buoyed By Higher Interest Rates But Warns Lower Net Interest Income For 2024 | Benzinga
Wells Fargo & Company (NYSE:WFC) earned a net income of $3.45 billion, up 9% YY in the fourth quarter of 2023. The company reported a GAAP EPS of $0.86, beating the consensus of $0.71.
Revenue rose 2% to $20.48 billion. Analysts expected $20.28 billion.
“We are closely monitoring credit, and while we see modest deterioration, it remains consistent with our expectations,” CEO Charlie Scharf said in a statement.
“As we look forward, our business performance remains sensitive to interest rates and the health of the U.S. economy, but we are confident ...