Wintrust Financial (WTFC) Stock

Is Wintrust Financial (WTFC) a strong choice for momentum investors? Let's investigate.

Wintrust Financial Corporation (NASDAQ:WTFC) will hold its Q3 2024 Earnings Conference Call on October 22, 2024, at 11:00 AM ET. The call will feature company leaders including Timothy Crane, the President and CEO, and David Stoehr, the EVP and CFO. Various analysts from different financial institutions will also participate in the call.

The main figures for Wintrust (WTFC) provide an overview of the company's performance for the quarter that ended in September 2024. However, it could be helpful to compare some important metrics with Wall Street predictions and the results from the same period last year.

Wintrust Financial (WTFC) reported quarterly earnings of $2.47 per share, which is lower than the Zacks Consensus Estimate of $2.50 per share. This is a decrease compared to earnings of $2.53 per share from the same period last year.

ROSEMONT, Ill, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust”, “the Company”, “we” or “our”) (Nasdaq: WTFC) reported a net income of $509.7 million, or $7.67 per diluted share, for the first three quarters of 2024, which is slightly higher than the $499.1 million, or $7.71 per diluted share, from the same time last year. The pre-tax, pre-provision income (non-GAAP) reached a record $778.1 million in the first nine months of 2024, up from $751.3 million during the same period in 2023.

In addition to looking at analysts' estimates for Wintrust's (WTFC) revenue and earnings, it's important to assess forecasts for some of its main metrics. This will help provide a clearer understanding of how the company may have performed in the quarter that ended in September 2024.

Wintrust (WTFC) has the right mix of factors that could lead to a strong earnings report soon. Be ready for the important expectations.

Wintrust Financial's stock has increased by 10.5% since March, which is lower than the S&P 500, but it has surged by 52.7% since June 2023, outperforming the index. Although there has been a small drop in net interest margin, the company has seen growth in deposits, loans, and securities, indicating a strong balance sheet and good asset quality. While net interest income and non-interest income have risen, higher expenses have restricted the growth of net profits.

ROSEMONT, Ill., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation ("Wintrust") (Nasdaq: WTFC) has announced that it will share its earnings results for the third quarter and year-to-date 2024 after the market closes on Monday, October 21, 2024. They will also hold a conference call on Tuesday, October 22, 2024, at 10:00 a.m. (CDT).