Earnings

Wells Fargo (WFC) 2Q 2023 earnings

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Three Wells Fargo ATM’s on 14th street, New York City.

Lindsey Nicholson | Universal Images Group | Getty Images

Wells Fargo beat Wall Street estimates on the top and bottom lines for the second quarter, and the bank said its net interest income would be stronger than expected for 2023.

Here is how the bank’s results compared with Wall Street analysts expectations, according to Refinitiv.

  • $1.25 in earnings per share vs $1.16 expected
  • $20.53 billion in revenue vs $20.12 billion expected

Shares of Wells Fargo were little changed on Friday.

The bank’s total net income was $4.9 billion, up from $3.1 billion in the same quarter last year.

Higher interest rates helped fuel the increase. Net interest…



Source cnbc.com

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