Market Overview

UPDATE: Wells Fargo Posts Upbeat Q1 Profit

Related WFC
Yellen Pledges To Scrutinize Big Banks Following Wells Fargo's Scandal
John Stumpf's Decision To Forgo $41 Million In Pay Is A 'Good First Effort'
Wall Street Breakfast: Deutsche Bank Fears Pile Up (Seeking Alpha)

Wells Fargo & Co (NYSE: WFC) reported a 14% gain in its first-quarter profit.

Wells Fargo's quarterly profit climbed to $5.9 billion, or $1.05 per share, versus a year-ago profit of $5.2 billion, or $0.92 per share.

Its revenue slipped to $20.6 billion versus $21.26 billion. However, analysts were estimating earnings of $0.97 per share on revenue of $20.6 billion.

Wells Fargo shares gained 0.71% to $48.05 in pre-market trading.

Posted-In: profitEarnings News


Related Articles (WFC)

View Comments and Join the Discussion!