Wells Fargo (WFC) Q1 Earnings and Revenues Lag Estimates

Wells Fargo reported quarterly EPS of $1.56, slightly below the Zacks Consensus Estimate of $1.58. Earnings improved from $1.27 per share a year ago, indicating year-over-year growth despite the modest miss. The release is likely to be only a minor stock catalyst absent additional guidance or revenue details.

Analysis

Wells Fargo reported quarterly EPS of $1.56, slightly below the Zacks Consensus Estimate of $1.58. Earnings improved from $1.27 per share a year ago, indicating year-over-year growth despite the modest miss. The release is likely to be only a minor stock catalyst absent additional guidance or revenue details.