Company News: Wells Fargo (WFC) quarterly earnings beat analysts’ forecast

Market news

15 January 2019

Company News: Wells Fargo (WFC) quarterly earnings beat analysts’ forecast

Wells Fargo (WFC) reported Q4 FY 2018 earnings of $1.21 per share (versus $1.16 in Q4 FY 2017), beating analysts’ consensus estimate of $1.18.

The company’s quarterly revenues amounted to $20.980 bln (-4.9% y/y), missing analysts’ consensus estimate of $21.803 bln.

WFC fell to $48.10 (-0.66%) in pre-market trading.

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