Wells Fargo (WFC) Q2 EPS Misses Views

(Updated - July 13, 2018 8:04 AM EDT)

Wells Fargo (NYSE: WFC) reported Q2 EPS of $0.98, may not compare to the analyst estimate of $1.13. Revenue for the quarter came in at $21.6 billion versus the consensus estimate of $21.66 billion.

• Diluted EPS of $0.98 included net discrete income tax expense of $0.10 per share
• Second quarter 2018 included net discrete income tax expense of $481 million mostly related to state income taxes driven by the recent U.S. Supreme Court decision in South Dakota v. Wayfair
• Noninterest expense of $14.0 billion, up from $13.5 billion

For earnings history and earnings-related data on Wells Fargo (WFC) click here.

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