These Analysts Increase Their Forecasts On Wells Fargo After Better-Than-Expected Q3 Earnings
Wells Fargo(WFC) Benzinga·2024-10-15 02:09
Wells Fargo & Company WFC reported better-than-expected earnings for its third quarter on Friday.It reported a GAAP EPS of $1.42, beating the consensus of $1.28. Revenue fell 2% to $20.37 billion. Analysts expected $20.41 billion.CEO Charlie Scharf commented, "Our earnings profile is very different than it was five years ago as we have been making strategic investments in many of our businesses and de-emphasizing or selling others. Our revenue sources are more diverse and fee-based revenue grew 16% during t ...