Wells Fargo: Q3 results up, although below expectations
(CercleFinance.com) - This Friday before Wall Street opened, Wells Fargo group reported Q3 net income of 6 billion dollars, or EPS of 1.
13 dollar per share.
This is better than in the same period last year, when the bank reported net income of 4.5 billion dollars, for EPS of 0.83 dollar. Revenues also rose, up from 21.8 billion dollars to 21.9 billion dollars.
Although they are up, Wells Fargo's results fell short of the consensus, with analysts looking for EPS of 1.18 dollar.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
13 dollar per share.
This is better than in the same period last year, when the bank reported net income of 4.5 billion dollars, for EPS of 0.83 dollar. Revenues also rose, up from 21.8 billion dollars to 21.9 billion dollars.
Although they are up, Wells Fargo's results fell short of the consensus, with analysts looking for EPS of 1.18 dollar.
Copyright (c) 2018 CercleFinance.com. All rights reserved.