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Wells Fargo&Co announced earnings per share of $0.8 on revenue of $17.72B. Analysts polled by Investing.com anticipated EPS of $0.61 on revenue of $19.35B. That with comparison to EPS of $1.2 on revenue of $21.61B in the same period a year before. Wells Fargo&Co had reported EPS of $0.6 on revenue of $19.86B in the previous quarter. Analysts are expecting EPS of $0.71 and revenue of $19.24B in the upcoming quarter.
Wells Fargo&Co shares are down 41% from the beginning of the year , still down 42.59% from its 52 week high of $54.75 set on November 29, 2019. They are under-performing the S&P 500 which is down 14.89% year to date.
Wells Fargo&Co shares lost 0.48% in pre-market trade following the report.
Wells Fargo&Co’s report follows an earnings missed by JPMorgan on Tuesday, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $2.28 on revenue of $29.53B.
First Republic Bank had beat expectations on Tuesday with first quarter EPS of $1.2 on revenue of $916.2M, compared to forecast for EPS of $1.13 on revenue of $877.17M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
