Wells Fargo Q2 EPS $1.25 Beats $1.15 Estimate, Sales $20.53B Beat $20.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo reported Q2 earnings of $1.25 per share, beating the analyst consensus estimate of $1.15 by 8.7%. This is a 68.92% increase from the same period last year. The company also reported quarterly sales of $20.53 billion, beating the estimate of $20.07 billion by 2.31%. This is a 20.58% increase from the same period last year.
July 14, 2023 | 10:48 am
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POSITIVE IMPACT
Wells Fargo's Q2 earnings and sales beat estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock.
Wells Fargo's earnings and sales for Q2 have exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the company's stock price in the short term.
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