Wells Fargo (NYSE:WFC) reported its Q2 earnings results on Friday, July 15, 2022 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Wells Fargo missed estimated earnings by 13.95%, reporting an EPS of $0.74 versus an estimate of $0.86.
Revenue was down $3.24 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.07 which was followed by a 4.51% drop in the share price the next day.
Here’s a look at Wells Fargo’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.81 | 1.12 | 0.99 | 0.97 |
| EPS Actual | 0.88 | 1.38 | 1.17 | 1.38 |
| Revenue Estimate | 17.81B | 18.78B | 18.37B | 17.75B |
| Revenue Actual | 17.59B | 20.86B | 18.83B | 20.27B |
To track all earnings releases for Wells Fargo visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
