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Wells Fargo&Co announced earnings per share of $-0.66 on revenue of $17.84B. Analysts polled by Investing.com anticipated EPS of $-0.1 on revenue of $18.37B.
Wells Fargo&Co shares are down 52% from the beginning of the year , still down 53.59% from its 52 week high of $54.75 set on November 29, 2019. They are under-performing the S&P 500 which is down 2.34% from the start of the year.
Wells Fargo&Co shares lost 4.37% in pre-market trade following the report.
Wells Fargo&Co’s report follows an earnings beat by JPMorgan on Tuesday, who reported EPS of $1.38 on revenue of $33.82B, compared to forecasts EPS of $1.19 on revenue of $30.41B.
First Republic Bank had beat expectations on Tuesday with second quarter EPS of $1.4 on revenue of $919M, compared to forecast for EPS of $1.17 on revenue of $913.75M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
