Wells Fargo&Co Earnings, Revenue Miss in Q2


Investing.com – Wells Fargo (NYSE:WFC)&Co reported on Friday second quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.

Wells Fargo&Co announced earnings per share of $0.82 on revenue of $17.03B. Analysts polled by Investing.com anticipated EPS of $0.8526 on revenue of $17.62B.

Wells Fargo&Co shares are down 19% from the beginning of the year, still down 35.75% from its 52 week high of $60.30 set on February 10. They are outperforming the S&P 500 which is down 20.47% 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 Thursday, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.94 on revenue of $31.82B.

Morgan Stanley had missed expectations on Thursday with second quarter EPS of $1.44 on revenue of $13.13B, compared to forecast for EPS of $1.57 on revenue of $13.39B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Read more at : https://www.investing.com/news/stock-market-news/wells-fargoco-earnings-revenue-miss-in-q2-2847671


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