Wells Fargo (WFC) Misses Q3 EPS

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Go back to Wells Fargo (WFC) Misses Q3 EPS

Wells Fargo Reports Third Quarter 2019 Net Income of $4.6 Billion

October 15, 2019 8:00 AM EDT

Diluted EPS of $0.92 included the impact of a discrete litigation accrual of $(0.35) per share and a gain on the sale of our Institutional Retirement and Trust business of $0.20 per share

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

Financial results: Net income of $4.6 billion, compared with $6.0 billion in third quarter 2018 Diluted earnings per share (EPS) of $0.92, compared with $1.13 Third quarter 2019 included a $1.6 billion, or $(0.35) per share, discrete litigation accrual (not tax-deductible) for previously disclosed retail sales... More