Wells Fargo Earnings Easily Top Estimates. The Stock Is Rising.

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https://www.barrons.com/articles/wells-fargo-earnings-easily-top-estimates-the-stock-is-rising-51642163849


Updated Jan. 14, 2022 7:58 americium ET / Original Jan. 14, 2022 7:37 americium ET

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Wells Fargo shares got a boost aboriginal Friday aft the bank’s fourth-quarter net easy topped Wall Street’s expectations.

Profits astatine the San Francisco-based slope were $5.75 billion, oregon $1.38 a stock — good up of the $4.5 billion, oregon $1.11 a share, forecast by analysts surveyed by FactSet. Wells Fargo’s (ticker: WFC) gross of $20.9 cardinal topped projections of $18.8 billion.

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