Trending: Wells Fargo Beats 1Q Income, Revenue Targets
April 14 2023 - 10:49AM
Dow Jones News
10:15 ET -- Wells Fargo & Co. is one of the most mentioned
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. The bank said Friday that its
first-quarter results beat its net income and revenue targets.
Profit rose to $4.99 billion, or $1.23 a share, from $3.79 billion,
or 91 cents a share, in the year-ago period. Revenue grew to $20.73
billion from $17.73 billion a year ago. Wells Fargo was expected to
earn $1.13 a share on revenue of $20.09 billion in the first
quarter, according to estimates compiled by FactSet. Dow Jones
& Co. owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
April 14, 2023 10:34 ET (14:34 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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