Wells Fargo (WFC) Tops Q1 EPS by 6c

Wells Fargo (NYSE: WFC) reported Q1 EPS of $1.04, $0.06 better than the analyst estimate of $0.98. Revenue was $21.3 billion, versus the consensus of $21.2 billion.

Strong growth in average loans and deposits:

• Total average loans of $863.3 billion, up $39.5 billion, or 5 percent, from first quarter 2014
  • Quarter-end loans of $861.2 billion, up $34.8 billion, or 4 percent
  • Quarter-end core loans of $802.7 billion2, up $54.2 billion, or 7 percent
• Total average deposits of $1.2 trillion, up $97.5 billion, or 9 percent

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

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