Wells Fargo: Q3 net income below estimates
(CercleFinance.com) - On Tuesday before Wall Street opens Wells Fargo reported Q3 2019 net income of 4.
6 billion dollars, or 0.92 dollar per share.
This represents a 23.3% fall year-on-year, from 6 billion dollars, meaning EPS of 1.13 dollar. However, revenues rose from 21.9 billion dollars a year ago to 22 billion dollars.
As such, Wells Fargo's results fell short of market expectations, with analysts expecting EPS of 1.17 dollar.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
6 billion dollars, or 0.92 dollar per share.
This represents a 23.3% fall year-on-year, from 6 billion dollars, meaning EPS of 1.13 dollar. However, revenues rose from 21.9 billion dollars a year ago to 22 billion dollars.
As such, Wells Fargo's results fell short of market expectations, with analysts expecting EPS of 1.17 dollar.
Copyright (c) 2019 CercleFinance.com. All rights reserved.