Wells Fargo Reports Third Quarter 2019 Net Income of $4.6 Billion
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Wells Fargo (WFC) Remains Buy, On Focus List at Argus
October 16, 2019 7:33 AM EDTWells Fargo (NYSE: WFC) remains on the Argus Focus List and the analyst reiterates Buy and $60.00 PT.
Wells Fargo (WFC) Misses Q3 EPS
October 15, 2019 8:02 AM EDTWells Fargo (NYSE: WFC) reported Q3 EPS of $0.92, $0.24 worse than the analyst estimate of $1.16. Revenue for the quarter came in at $22 billion versus the consensus estimate of $20.96 billion.
Third quarter 2019 included a $1.6 billion, or $(0.35) per share, discrete litigation accrual (not tax-deductible) for previously disclosed retail sales practices matters, and a $1.1 billion, or $0.20 per share, gain from the previously announced sale of our Institutional Retirement and Trust (IRT) business
Interim Chief Executive Officer Allen Parker said, We continued... More
