2024-07-12 14:14:07 ET
Wells Fargo & Company (WFC)
Q2 2024 Earnings Conference Call
July 12, 2024, 10:00 AM ET
Company Participants
John Campbell - Director of IR
Charlie Scharf - CEO
Mike Santomassimo - CFO
Conference Call Participants
Ken Usdin - Jefferies
John Pancari - Evercore ISI
Ebrahim Poonawala - Bank of America
Erika Najarian - UBS
Matt O'Connor - Deutsche Bank
Betsy Graseck - Morgan Stanley
Gerard Cassidy - RBC Capital Markets
Steven Chubak - Wolfe Research
Presentation
Operator
Welcome, and thank you for joining the Wells Fargo Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note that today's call is being recorded.
I would now like to turn the call over to John Campbell, Director of Investor Relations. Sir, you may begin the conference.
John Campbell
Good morning, everyone. Thank you for joining our call today, where our CEO, Charlie Scharf; and our CFO, Mike Santomassimo will discuss second quarter results and answer your questions. This call is being recorded.
Before we get started, I would like to remind you that our second quarter earnings materials, including the release, financial supplement, and presentation deck are available on our website at wellsfargo.com.
I'd also like to caution you that we may make forward-looking statements during today's call that are subject to risks and uncertainties. Factors that may cause actual results to differ materially from expectations are detailed in our SEC filings, including the Form 8-K filed today containing our earnings materials. Information about any non-GAAP financial measures referenced, including a reconciliation of those measures to GAAP measures can also be found in our SEC filings and the earnings materials available on our website.
I will now turn the call over to Charlie.
Charlie Scharf
Thanks, John.
As usual, I'll make some brief comments about our second quarter results and update you on our priorities. I'll then turn the call over to Mike to review our results in more detail before we take your questions. So let me start with some second quarter highlights.
Our financial performance in the quarter benefited from our ongoing efforts to transform Wells Fargo. We continue to generate strong fee-based revenue growth with increases across most categories compared to a year ago due to both the investments we're making in our businesses and favorable market conditions with particular strength in investment advisory, trading activities and investment banking. These results more than offset the expected decline in net interest income....
Read the full article on Seeking Alpha
For further details see:
Wells Fargo & Company (WFC) Q2 2024 Earnings Call Transcript