Wells Fargo beats by $0.10, beats on revenue SA News Fri, Apr. 12 28 Comments Q4 2018 (Dec 2018) EPS of $1.21 beat by $0.03 Revenue of $20.98B (-4.85% YoY) missed by -$822.70M
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As Wells Fargo cannot grow its balance sheet, it has had to defer plans to reinvest its earnings in potentially high-growth avenues (like credit cards & payments), and has instead been forced to.
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Wells Fargo will issue a detailed announcement prior to each quarter’s close confirming the date and time of the earnings release and conference call for that quarter. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in.
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Wells Fargo’s mortgage banking division has been hurt by the slowdown in the mortgage industry. It reported a decrease of 24% Y-O-Y in Q1; however we expect it to recover in 2019 lead by growth in Community Banking mortgage business.
Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. The firm operates through the following segments: community banking, Wholesale.
In the latest trading session, Wells Fargo (WFC) closed at $47.53. Wall Street will be looking for positivity from WFC as it approaches its nex t earnings report date. This is expected to be July.
Wells Fargo & Co. (NYSE: WFC) is expected to report its most recent. American Express Co. (NYSE: AXP) is scheduled to.
Wells Fargo (WFC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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