WFC - What's Going On With Wells Fargo Shares After Beating Q1 Earnings? | Benzinga
Wells Fargo & Company (NYSE:WFC) shares are trading slightly lower in the premarket session on Friday.
The bank reported first-quarter earnings per share of $1.20, beating the analyst consensus of $1.09. Quarterly sales of $20.86 billion beats the Wall Street view of $20.20 billion.
“The investments we are making across the franchise contributed to higher revenue versus the fourth quarter as an increase in noninterest income more than offset an expected decline in net interest income,” Chief Executive Officer Charlie Scharf commented.
Also Read: Big Banks To Report Q1 Earnings: Analyst Prefers Bank Of America, ‘Citi Likely To Lag’
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