Form 8-K WELLS FARGO & COMPANY/MN For: Oct 14
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Wells Fargo (WFC) Tops Q3 EPS by 18c
October 14, 2021 6:49 AM EDTWells Fargo (NYSE: WFC) reported Q3 EPS of $1.17, $0.18 better than the analyst estimate of $0.99. Revenue for the quarter came in at $18.83 billion versus the consensus estimate of $18.35 billion.
Chief Executive Officer Charlie Scharf commented on the quarter, The actions were taking to improve operating effectiveness and financial returns are coming through in our results, in addition to the benefits were experiencing from the economic recovery. We recorded a $1.7 billion pre-tax reduction in the allowance for credit losses and had strong equity gains. More importantly, charge-offs were low, net interest... More
