Wells Fargo (NYSE:WFC) reported its Q1 earnings results on Thursday, April 14, 2022 at 06:48 AM.
Here's what investors need to know about the announcement.
Earnings
Wells Fargo beat estimated earnings by 8.64%, reporting an EPS of $0.88 versus an estimate of $0.81.
Revenue was down $471.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.26 which was followed by a 3.68% increase in the share price the next day.
Here's a look at Wells Fargo's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.12 | 0.99 | 0.97 | 0.70 |
| EPS Actual | 1.38 | 1.17 | 1.38 | 1.05 |
| Revenue Estimate | 18.78B | 18.37B | 17.75B | 17.50B |
| Revenue Actual | 20.86B | 18.83B | 20.27B | 18.06B |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
