Stock Groups

Wells Fargo&Co Earnings, Revenue Beat in Q4 -Breaking

by Mike Robinson

[ad_1]

© Reuters Wells Fargo&Co Earnings, Revenue Beat in Q4

Investing.com – Wells Fargo (NYSE:)&Co reported on Friday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.

Wells Fargo&Co announced earnings per share of $1.38 on revenue of $20.86B. Investing.com polled analyst to predict EPS of $1.1 for $18.65B in revenue.

Wells Fargo&Co shares are up 6% from the beginning of the year, still down 2.06% from its 52 week high of $57.18 set on January 13. They are outperforming the S&P 500 which is down 2.25% from the start of the year.

Wells Fargo&Co follows other major Financial sector earnings this month

Wells Fargo&Co’s report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3 on revenue of $29.87B.

BlackRock beat all expectations Friday, posting fourth quarter earnings per share of $10.42 on $5.11B in revenue. This compares to the forecast of EPS at $10.06 for $5.11B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]