Wells
Wells Fargo (WFC) got here out with quarterly earnings of $0.93 per share, lacking the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.21 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -16.96%. 1 / 4 in the past, it was anticipated that this largest U.S. mortgage lender would publish earnings of $1.15 per share when it truly produced earnings of $0.92, delivering a shock of -20%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Wells Fargo, which belongs to the Zacks Banks – Main Regional business, posted revenues of $19.86 billion for the quarter ended December 2019, surpassing the Zacks Consensus Estimate by 0.26%. This compares to year-ago revenues of $20.98 billion. The corporate has topped consensus income estimates 4 occasions during the last 4 quarters.
The sustainability of…