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

Market news

14 October 2020

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

Wells Fargo (WFC) reported Q3 FY 2020 earnings of $0.42 per share (versus $0.92 per share in Q3 FY 2019), missing analysts’ consensus estimate of $0.48 per share.

The company’s quarterly revenues amounted to $18.862 bln (-14.3% y/y), beating analysts’ consensus estimate of $17.872 bln.

WFC fell to $24.31 (-1.74%) in pre-market trading.

U.S. weekly mortgage applications decline 0.7 percent

Gold: Move above $1993 to end the consolidation phase - Credit Suisse

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