Wells Fargo & Co (WFC) reported earnings for its second quarter that Increases, from the same period last year and beat the Street estimates.
The company's earnings totaled $5.494 billion, or $1.60 per share. This compares with $4.910 billion, or $1.33 per share, last year.
Analysts on average had expected the company to earn $1.40 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 65.7% to $20.822 billion from $60.689 billion last year.
Wells Fargo & Co earnings at a glance (GAAP) :
-Earnings: $5.494 Bln. vs. $4.910 Bln. last year.-EPS: $1.60 vs. $1.33 last year.-Revenue: $20.822 Bln vs. $60.689 Bln last year.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.