WebApr 14, 2024 · Wells Fargo also reported a net interest margin of 2.05% and an efficiency ratio of 77% for the quarter. Analysts were expecting 2.10% and 78%, respectively, according to FactSet. WebJan 15, 2024 · Last summer, Scharf noted $10 billion in cuts were needed to match efficiency rates at competitors. It is not a specific target for a certain year, he said in response to Piper Sandler analyst ...
Wells Fargo CEO talks ongoing efforts to reduce expenses …
WebApr 11, 2024 · Charlie Scharf, CEO. At the end of the fourth quarter, Wells Fargo's deposit beta stood at 15%. This compares to 21% for BofA, ... BAC did post an efficiency ratio of 63% last quarter. WebDec 31, 2024 · infrastructure and I am optimistic about our future as we continue to advance our efficiency initiatives, invest to better serve our customers and grow our business,” Scharf concluded. 1 Represents our Common Equity Tier 1 (CET1) ratio calculated under the Standardized Approach, which is our binding CET1 ratio. See tables on pages 27-28 … georgetown hockey arena
Wells Fargo (WFC) earnings Q1 2024 - CNBC
WebJan 14, 2024 · It’s a huge strength of the company,” Scharf said. Wall Street liked what it heard. Wells Fargo’s stock was up $2.06, or 3.7%, to close at $58.06 after hitting a 52-week high of $58.87 ... WebWells Fargo (WFC) on Friday reported better-than-expected first-quarter results, as the lender benefited from higher interest rates and loan balances. Per-share earnings climbed to $1.23 from $0. ... WebJan 14, 2024 · Wells Fargo & Co Chief Executive Charlie Scharf will give investors more details on his long-awaited turnaround plan for the scandal-plagued bank this week. Wells Fargo shares have jumped 45% since Scharf teased a strategic update in October, outperforming JPMorgan Chase & Co and Bank of America Corp. Wells Fargo … georgetown hockey association