Sopra Steria’s Post

Sol Gindi, the first quarter 2024 results for Wells Fargo are commendable, showcasing progress and diversification in financial performance. CEO Charlie Scharf highlighted the increase in revenue driven by investments across the franchise, particularly in noninterest income. The stability in net charge-offs and the repurchase of $6.1 billion of common stock reflect a strong capital position. Additionally, the closure of the consent order by the OCC regarding sales practices misconduct signifies a significant milestone and demonstrates a positive shift in operations. Wells Fargo's focus on efficiency, infrastructure, new products like Autograph JourneySM for frequent travelers, and investments in talent and technology in banking businesses are further enhancing customer service and driving growth. Overall, the first quarter results reflect a promising trajectory for Wells Fargo's future performance.

TE Connectivity named to the Dow Jones Sustainability Index for the 12th consecutive year. TE Connectivity with strong performance, as TE teams delivered earnings above guidance driven by significant margin expansion, along with record free cash flow, in what remains a dynamic market environment. TE Connectivity, continued to benefit from growth in renewable energy, commercial air and medical applications. TE Connectivity expects to deliver strong margin performance at the company level throughout fiscal year 2024 as continue to execute on operational levels, while benefiting from the diversity and positioning of a strong portfolio around key long-term growth trends. Second Quarter FY24 Outlook
For the second quarter of fiscal 2024, the company expects net sales of approximately $3.95 billion. GAAP EPS from continuing operations are expected to be approximately $1.75, up 31% year over year, with adjusted EPS of approximately $1.82, up 10% year over year. #TEL #TEConnectivity #earnings #growth #innovation #sustainability #technology

🏢 Our annual Financial Services State of the Nation survey reveals a significant jump in financial institutions that have enhanced or implemented #BaaS capabilities ꟷ 48% in 2023, up from 35% the year before. 💾 Download the report now: https://okt.to/UDLpCI

Today we announced Q1 2024 operating and financial results, continuing the trend of strong performance, with net sales increasing 18% year-over-year. Join us for a live webcast and discussion of the results this afternoon: https://bit.ly/4a1Z0T8

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🏢 Our annual Financial Services State of the Nation survey reveals a significant jump in financial institutions that have enhanced or implemented #BaaS capabilities ꟷ 48% in 2023, up from 35% the year before. 💾 Download the report now: https://okt.to/yvAKmu

🏢 Our annual Financial Services State of the Nation survey reveals a significant jump in financial institutions that have enhanced or implemented #BaaS capabilities ꟷ 48% in 2023, up from 35% the year before. 💾 Download the report now: https://okt.to/ljFgho

🏢 Our annual Financial Services State of the Nation survey reveals a significant jump in financial institutions that have enhanced or implemented #BaaS capabilities ꟷ 48% in 2023, up from 35% the year before. 💾 Download the report now: https://okt.to/Ml0mGa

🏢 Our annual Financial Services State of the Nation survey reveals a significant jump in financial institutions that have enhanced or implemented #BaaS capabilities ꟷ 48% in 2023, up from 35% the year before. 💾 Download the report now: https://okt.to/wU1Y6j

🏢 Our annual Financial Services State of the Nation survey reveals a significant jump in financial institutions that have enhanced or implemented #BaaS capabilities ꟷ 48% in 2023, up from 35% the year before. 💾 Download the report now: https://okt.to/kwch1M