Wells Fargo Q4 Earnings: EPS Beat and $5B Buyback Amid Revenue Softness
Wells Fargo & Company (WFC) delivered a mixed Q4 performance, with earnings surpassing estimates while revenue fell short of expectations. Adjusted EPS of $1.76 beat consensus forecasts, driven by disciplined cost management and robust net income of $5.36B. The bank's operational stability was further underscored by a $5B share repurchase program, signaling confidence in its capital position.
Revenue net of interest disappointed, reflecting broader demand pressures in the banking sector. Shares closed at $93.56, down 1.47%, as markets priced in cautious sentiment ahead of earnings. The results highlight Wells Fargo's ability to maintain profitability through margin expansion despite macroeconomic headwinds.