美国富国银行Wells Fargo &amp Company（WFC）2024年年度报告「NYSE」英文版）（197页）.pdf

1、2024 Annual Report i 2024 Annual Report CEO Letter Dear Shareholders:I am proud to report that 2024 was another year of considerable progress for Wells Fargo on multiple fronts.We produced stronger financial results than the prior year,we executed well on our strategic priorities,and we are moving f

2、orward withexcitement.Our earnings,earnings per share,and return on tangible common equity grew,we improved how we serve customers and are seeing growth from investments we have made over the last several years,we maintained a strong balance sheet while returning$25 billion of capital to shareholder

3、s,and we made significant progress on our risk and control work.If I think back to the beginning of 2024,there was considerable uncertainty regarding how the economy would evolve through the year.Inflation was high,many economists gave a low probability to a“soft landing,”and many were concerned tha

4、t the economy could end up in recession.As a company,we were careful about how and where we extended credit,but we did not scale back investments in our infrastructure or investments for the future.As the year evolved,we saw strength and resiliency among our customers,though businesses were tentativ

5、e about growing their inventories and pursuing M&A.Fast forward to today,and inflation is lower,unemployment is low,and our customers continue to be resilient.All said,we are pleased with how we have navigated these circumstances.Our belief remains that we have one of the most enviable financial ser

6、vices franchises in the world,and we are working to be one of the most well-respected,consistently growing financial institutions in the country with high risk-adjusted returns over multiple economic cycles.Financial performance and earnings capacity Our results were solid in 2024 as Wells Fargo gen