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U.S. Wells Fargo announces net income of 4.7 bln USD in Q1 - World News

2021-04-14 22:08:04 GMT2021-04-15 06:08:04(Beijing Time) Xinhua English
SAN FRANCISCO, April 14 (Xinhua) Multinational financial services company Wells Fargo & Company on Wednesday reported a net income of 4.74 billion U.S. dollars for the first quarter of 2021, up 626 percent compared with 0.65 billion dollars for the same period of the previous year.
The company s total quarterly revenue counts 18.06 billion U.S. dollars, an increase of 2 percent compared to the first quarter of 2020, according to the report.
Our results for the quarter, which included a 1.6 billion U.S dollars pre-tax reduction in the allowance for credit losses, reflected an improving U.S. economy, continued focus on our strategic priorities, Chief Executive Officer Charlie Scharf commented on the quarter. ....

Charlie Scharf , Wells Fargo Company On , Wells Fargo , Executive Officer Charlie Scharf , சார்லி ஸ்கார்ஃப் , கிணறுகள் ஃபார்கோ நிறுவனம் ஆன் , கிணறுகள் ஃபார்கோ , நிர்வாகி அதிகாரி சார்லி ஸ்கார்ஃப் ,

U.S. Wells Fargo announces net income of 3 bln USD in Q4

U.S. Wells Fargo announces net income of 3 bln USD in Q4
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Charlie Scharf , Wells Fargo Company On , Wells Fargo , Executive Officer Charlie Scharf , சார்லி ஸ்கார்ஃப் , கிணறுகள் ஃபார்கோ நிறுவனம் ஆன் , கிணறுகள் ஃபார்கோ , நிர்வாகி அதிகாரி சார்லி ஸ்கார்ஃப் ,

U.S. Wells Fargo announces net income of 3 bln USD in Q4 - World News

2021-01-15 22:06:16 GMT2021-01-16 06:06:16(Beijing Time) Xinhua English
SAN FRANCISCO, Jan. 15 (Xinhua) Multinational financial services company Wells Fargo & Company on Friday reported a net income of 2.99 billion U.S. dollars for the fourth quarter of 2020, compared with 2.87 billion dollars for the same period of the previous year.
The company s total quarterly revenue counts 17.93 billion U.S. dollars, decreasing 5 percent compared to the fourth quarter of 2019. Its net interest income decreased 17 percent, primarily due to the impact of lower interest rates, according to the report.
Although our financial performance improved and we earned 3.0 billion U.S. dollars in the fourth quarter, our results continued to be impacted by the unprecedented operating environment and the required work to put our substantial legacy issues behind us, Chief Executive Officer Charlie Scharf commented on the quarter. ....

Charlie Scharf , Wells Fargo Company On , Wells Fargo , Executive Officer Charlie Scharf , சார்லி ஸ்கார்ஃப் , கிணறுகள் ஃபார்கோ நிறுவனம் ஆன் , கிணறுகள் ஃபார்கோ , நிர்வாகி அதிகாரி சார்லி ஸ்கார்ஃப் ,