WELLS FARGO SHARES SURGE MORE THAN 5% ON EARNINGS REPORT!

WELLS FARGO SHARES SURGE MORE THAN 5% ON EARNINGS REPORT!
WELLS FARGO SHARES SURGE MORE THAN 5% ON EARNINGS REPORT!

WELLS FARGO SHARES SURGE MORE THAN 5% ON EARNINGS REPORT!

Wells Fargo's earnings grew significantly in the fourth quarter of 2024.

Net income was $5.08 billion, or $1.43 per share, up 47.24% from the previous year.

The bank’s investment banking revenues saw a major boost.

Investment banking fees increased by 59%, reaching $725 million.

Global investment banking revenues grew by 26%, totaling $86.80 billion for 2024.