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Market Impact: 0.35

Wells Fargo (WFC) Q2 Earnings and Revenues Beat Estimates

WFC
Corporate EarningsCompany FundamentalsAnalyst Estimates
Wells Fargo (WFC) Q2 Earnings and Revenues Beat Estimates

Wells Fargo reported quarterly EPS of $1.96, beating the Zacks Consensus Estimate of $1.73 by $0.23 (about 13%). EPS also rose from $1.54 a year ago, signaling solid year-over-year improvement and likely providing a positive near-term catalyst for the stock.

Analysis

Wells Fargo reported quarterly EPS of $1.96, beating the Zacks Consensus Estimate of $1.73 by $0.23 (about 13%). EPS also rose from $1.54 a year ago, signaling solid year-over-year improvement and likely providing a positive near-term catalyst for the stock.

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Market Sentiment

Overall Sentiment

moderately positive

Sentiment Score

0.45

Ticker Sentiment

WFC0.45