Wells Fargo (WFC) Q2 EPS Misses Views

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Go back to Wells Fargo (WFC) Q2 EPS Misses Views

Wells Fargo Reports $5.2 Billion in Quarterly Net Income

July 13, 2018 8:00 AM EDT

Diluted EPS of $0.98 included net discrete income tax expense of $0.10 per share

SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE: WFC):

Financial results: Net income of $5.2 billion, compared with $5.9 billion in second quarter 2017 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 Diluted earnings per share (EPS) of $0.98, compared with $1.08 Revenue of $21.6 billion, down from $22.2 billion Net interest income of... More