Wells Fargo&Co Earnings Beat, Revenue Misses In Q1
2022.04.14 14:25
Wells Fargo&Co Earnings Beat, Revenue Misses In Q1
Investing.com – Wells Fargo (NYSE:WFC)&Co reported on Thursday first quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
Wells Fargo&Co announced earnings per share of $0.88 on revenue of $17.59B. Analysts polled by Investing.com anticipated EPS of $0.8198 on revenue of $17.78B.
Wells Fargo&Co shares are up 1% from the beginning of the year, still down 19.50% from its 52 week high of $60.30 set on February 10. They are outperforming the S&P 500 which is down 6.71% from the start of the year.
Wells Fargo&Co follows other major Financial sector earnings this month
Wells Fargo&Co’s report follows an earnings missed by JPMorgan on Wednesday, who reported EPS of $2.63 on revenue of $30.72B, compared to forecasts EPS of $2.7 on revenue of $30.63B.
Industrial Commercial Bank of China had beat expectations on March 30 with first quarter EPS of $0.7567 on revenue of $34.21B, compared to forecast for EPS of $0.5946 on revenue of $32.96B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
