© Reuters. Wells Fargo&Co Earnings, Revenue beat in Q1
Investing.com – Wells Fargo (NYSE:)&Co reported on Wednesday first quarter that beat analysts’ forecasts and revenue that topped expectations.
Wells Fargo&Co announced earnings per share of $1.05 on revenue of $18.06B. Analysts polled by Investing.com anticipated EPS of $0.6938 on revenue of $17.49B.
Wells Fargo&Co shares are up 31% from the beginning of the year and are trading at $39.30 , down-from-52-week-high.They are outperforming the S&P 500 which is up 10.25% from the start of the year.
Wells Fargo&Co shares lost 1.23% in pre-market trade the report.
Wells Fargo&Co follows other major Financial sector earnings this month
Wells Fargo&Co’s report follows an earnings beat by JPMorgan on Wednesday, who reported EPS of $4.5 on revenue of $33.12B, compared to forecasts EPS of $3.06 on revenue of $30.46B.
Goldman Sachs had beat expectations on Wednesday with first quarter EPS of $18.6 on revenue of $17.70B, compared to forecast for EPS of $10.1 on revenue of $12.27B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.