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

Market news

15 January 2021

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

Wells Fargo (WFC) reported Q4 FY 2020 earnings of $0.64 per share (versus $0.93 per share in Q4 FY 2019), slightly beating analysts’ consensus estimate of $0.63 per share.

The company’s quarterly revenues amounted to $17.925 bln (-9.7% y/y), roughly in line with analysts’ consensus estimate of $17.996 bln.

WFC fell to $33.95 (-2.30%) in pre-market trading.

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