Wells Fargo (WFC) Tops Q2 EPS by 3c; Boosts Dividend
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Wells Fargo (NYSE: WFC) reports Q2 EPS of $0.53, versus the consensus of $0.50. Revenues came in at $11.46 billion, versus the consensus of $10.65 billion.
Reports $2.3 billion of higher provision expense.
As a result of the Company’s performance and confidence in long-term growth, the Board of Directors increased the Company’s third quarter common stock dividend to $0.34 per share, an increase of 10 percent from the second quarter dividend of $0.31 per share.
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