{"id":1224,"date":"2010-10-21T10:16:00","date_gmt":"2010-10-21T10:16:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wells-fargo-company-wfc-reports-increase-in-quarterly-earnings\/1223\/"},"modified":"2010-10-21T10:16:00","modified_gmt":"2010-10-21T10:16:00","slug":"wells-fargo-company-wfc-reports-increase-in-quarterly-earnings","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wells-fargo-company-wfc-reports-increase-in-quarterly-earnings\/1224\/","title":{"rendered":"Wells Fargo &amp; Company (WFC) Reports Increase in Quarterly Earnings"},"content":{"rendered":"<p><strong>Wells Fargo &amp; Company <a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=wfc\" target=\"_self\" rel=\"noopener\">(NYSE: WFC) <\/a><\/strong>has reported encouraging numbers for its fiscal third quarter. The bank has surpassed the analysts\u2019 expectations. Wells Fargo &amp; Company reported 7 percent increase in earnings, which stood at$3.3 billion. The increase is mainly attributed to the increase in deposits and refinancing.<\/p>\n<ul>\n<li>Wells Fargo &amp; Company reported its quarterly revenue at $20.9 billion.<\/li>\n<li>Wells Fargo &amp; Company reported 6 percent decline in its lending activity.<\/li>\n<\/ul>\n<p>Wells Fargo &amp; Company has reported that it has reserved $1.3 billion for the settlement of investors demands related to taking back of the earlier issued mortgages. The company\u2019s per share earnings for the quarter stood at 60 cents per share. Wells Fargo &amp; Company has also release $650, which it earlier had kept for loan loss reserves. It had released $500 million during the second quarter of the year.<\/p>\n<p>Wells Fargo &amp; Company earned app. $2 billion from mortgage originations. At the very same time, it reported $380 million decline in its overdraft fee revenue. This decline is due to the changes in the legislations related to the levy of overdraft fee. The company said that it expects surge in loan demand.<\/p>\n<p>Wells Fargo &amp; Company is a San Francisco-based diversified financial services company.<\/p>\n<p><span id=\"more-1224\"><\/span><\/p>\n<p>Key Financial Stats<\/p>\n<p>Valuation<\/p>\n<ul>\n<li>Price\/Earnings(TTM)15.80<\/li>\n<li>Price\/Cash Flow16.20<\/li>\n<li>Price\/Sales (TTM)1.39<\/li>\n<li>Price\/Book1.21<\/li>\n<\/ul>\n<p>Financial Strength<\/p>\n<ul>\n<li>Quick Ratio (MRQ)-<\/li>\n<li>Current Ratio (MRQ)-<\/li>\n<li>LT Debt to Equity (MRQ)1.67<\/li>\n<li>Total Debt to Capital (MRQ)2.08<\/li>\n<li>Return on Equity10.50<\/li>\n<\/ul>\n<p>Assets<\/p>\n<ul>\n<li>Asset Turnover0.10<\/li>\n<li>Asset per Employee-<\/li>\n<li>Inventory Turnover-<\/li>\n<\/ul>\n<p>Per Share Data<\/p>\n<ul>\n<li>Earnings (TTM)1.62<\/li>\n<li>Current P\/E Ratio-<\/li>\n<li>Cash Flow1.58<\/li>\n<li>Annual Dividend0.20<\/li>\n<li>Book Value21.17<\/li>\n<li>EBITDA26.80<\/li>\n<\/ul>\n<p>Profitability<\/p>\n<ul>\n<li>Market Cap1.62<\/li>\n<li>Gross Margin (TTM)-<\/li>\n<li>Operating Margin (TTM)26.80<\/li>\n<li>Profit Margin (TTM) 12.10<\/li>\n<\/ul>\n<p>Management Effectiveness<\/p>\n<ul>\n<li>Return on Equity (TTM)10.50%<\/li>\n<li>Return on Assets (TTM)1.00%<\/li>\n<li>Return on Investment (TTM)3.80%<\/li>\n<\/ul>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n<div style=\"padding:0px;margin:0px;margin-bottom:15px;\">\n<div style=\"width:338px;height:280px;\">\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW Single Post - Footer *\/\ngoogle_ad_slot = \"9968072899\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<\/div>\n<p><br style=\"clear:both\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Wells Fargo &amp; Company (NYSE: WFC) has reported encouraging numbers for its fiscal third quarter. The bank has surpassed the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[6],"tags":[175],"class_list":["post-1224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot-stocks-to-watch","tag-wfc"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/1224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=1224"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/1224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=1224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=1224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=1224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}