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Market Impact: 0.2

Wells Fargo Misses Q1 Net Interest Income, Loan Estimates

WFC
Corporate EarningsBanking & LiquidityCompany FundamentalsAnalyst Estimates

Wells Fargo said first-quarter net interest income rose year over year but came in below the average analyst estimate. The report signals improving core banking revenue versus last year, but the miss versus consensus is a modest negative for sentiment.

Analysis

Wells Fargo said first-quarter net interest income rose year over year but came in below the average analyst estimate. The report signals improving core banking revenue versus last year, but the miss versus consensus is a modest negative for sentiment.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15

Ticker Sentiment

WFC-0.15