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10-Q: Q2 2024 Earnings Report

10-Q: Q2 2024 Earnings Report

10-Q:2024财年二季报
美股SEC公告 ·  2024/08/02 05:21

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Wells Fargo reported mixed financial results for Q2 2024, with revenue increasing 1% YoY to $20.69 billion while net income declined 1% YoY to $4.91 billion. The company's diluted EPS rose 6% YoY to $1.33, driven by strong noninterest income growth of 19% YoY to $8.77 billion, though net interest income decreased 9% YoY to $11.92 billion.The bank's balance sheet showed resilience with total deposits growing 2% YoY to $1.37 trillion, despite a 3% YoY decline in total loans to $917.9 billion. Capital positions remained robust with a CET1 ratio of 11.01% and a supplementary leverage ratio of 6.67%, maintaining the bank's "well-capitalized" status under FDIC requirements.During Q2, Wells Fargo demonstrated strong capital management through active share repurchases, buying back 100.6 million shares across April, May, and June at varying price points, with $14.71 billion remaining in repurchase authorization. The bank continues to operate under regulatory oversight with specific capital planning requirements and maintains G-SIB surcharge compliance.
Wells Fargo reported mixed financial results for Q2 2024, with revenue increasing 1% YoY to $20.69 billion while net income declined 1% YoY to $4.91 billion. The company's diluted EPS rose 6% YoY to $1.33, driven by strong noninterest income growth of 19% YoY to $8.77 billion, though net interest income decreased 9% YoY to $11.92 billion.The bank's balance sheet showed resilience with total deposits growing 2% YoY to $1.37 trillion, despite a 3% YoY decline in total loans to $917.9 billion. Capital positions remained robust with a CET1 ratio of 11.01% and a supplementary leverage ratio of 6.67%, maintaining the bank's "well-capitalized" status under FDIC requirements.During Q2, Wells Fargo demonstrated strong capital management through active share repurchases, buying back 100.6 million shares across April, May, and June at varying price points, with $14.71 billion remaining in repurchase authorization. The bank continues to operate under regulatory oversight with specific capital planning requirements and maintains G-SIB surcharge compliance.
富国银行报告了2024年第二季度混合的财务结果,营业收入同比增长1%,达到206.9亿美元,而净利润同比下降1%,为49.1亿美元。公司的摊薄后每股收益同比上涨6%,达到1.33美元,主要受益于非利息收入同比增长19%,达到87.7亿美元,尽管净利息收入同比下降9%,为119.2亿美元。该银行的资产负债表显示出韧性,总存款同比增长2%,达到1.37万亿美元,尽管总贷款同比下降3%,为9179亿美元。资本状况依然稳健,CET1比率为11.01%,补充杠杆比率为6.67%,保持了该银行在FDIC要求下的“资本充足”状态。在第二季度,富国银行通过积极回购股票表现出强大的资本管理,分别在四月、五月和六月回购了10060万股,价格各不相同,回购授权中剩余147.1亿美元。该银行继续在监管监督下运营,并遵循特定的资本规划要求,保持G-SIb附加费用的合规。
富国银行报告了2024年第二季度混合的财务结果,营业收入同比增长1%,达到206.9亿美元,而净利润同比下降1%,为49.1亿美元。公司的摊薄后每股收益同比上涨6%,达到1.33美元,主要受益于非利息收入同比增长19%,达到87.7亿美元,尽管净利息收入同比下降9%,为119.2亿美元。该银行的资产负债表显示出韧性,总存款同比增长2%,达到1.37万亿美元,尽管总贷款同比下降3%,为9179亿美元。资本状况依然稳健,CET1比率为11.01%,补充杠杆比率为6.67%,保持了该银行在FDIC要求下的“资本充足”状态。在第二季度,富国银行通过积极回购股票表现出强大的资本管理,分别在四月、五月和六月回购了10060万股,价格各不相同,回购授权中剩余147.1亿美元。该银行继续在监管监督下运营,并遵循特定的资本规划要求,保持G-SIb附加费用的合规。
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