Wells Fargo shares tumble after net interest income falls short of estimates
Wells Fargo(WFC) CNBC·2024-07-12 19:17
Wells Fargo bank signage is seen on Broadway on April 12, 2024 in New York City.Wells Fargo on Friday reported a 9% decline in net interest income, even though its second-quarter earnings and revenue exceeded Wall Street expectations.Here's what the bank did compared to Wall Street estimates, based on a survey of analysts by LSEG:Earnings per share: $1.33 versus $1.29 cents expectedRevenue: $20.69 billion versus $20.29 billion expectedThe San Francisco-based bank recorded $11.92 billion in net interest inco ...