Company News: Wells Fargo (WFC) quarterly results beat analysts’ expectations

Market news

12 April 2019

Company News: Wells Fargo (WFC) quarterly results beat analysts’ expectations

Wells Fargo (WFC) reported Q1 FY 2019 earnings of $1.20 per share (versus $1.12 in Q1 FY 2018), beating analysts’ consensus of $1.10.

The company’s quarterly revenues amounted to $21.609 bln (-1.5% y/y), beating analysts’ consensus estimate of $21.048 bln.

WFC rose to $48.32 (+1.21%) in pre-market trading.

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