Wells Fargo: quarterly results under expectations
(CercleFinance.com) - Published this Friday before Wall Street opens, Wells Fargo's Q2 2018 accounts were marked by a fall in net income, which declined from 5.
86 billion to 5.19 billion dollars.
The US bank's EPS fell 10 cents from the same period last year, reaching 0.98 dollar, while analysts were expecting a slight increase to 1.12 dollar.
Revenues also fell slightly to 21.6 billion dollars, against 22.2 billion dollars in Q2 2017.
The net interest margin over this quarter reached 2.93%, slightly higher than last year (2.9%).
Copyright (c) 2018 CercleFinance.com. All rights reserved.
86 billion to 5.19 billion dollars.
The US bank's EPS fell 10 cents from the same period last year, reaching 0.98 dollar, while analysts were expecting a slight increase to 1.12 dollar.
Revenues also fell slightly to 21.6 billion dollars, against 22.2 billion dollars in Q2 2017.
The net interest margin over this quarter reached 2.93%, slightly higher than last year (2.9%).
Copyright (c) 2018 CercleFinance.com. All rights reserved.