Wells Fargo Q3 Included $349M, ($0.09 Per Share) Of Discrete Tax Benefits Related To The Resolution Of Prior Period Tax Matters
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo's Q3 results included $349M, or $0.09 per share, of discrete tax benefits related to the resolution of prior period tax matters.
October 13, 2023 | 10:51 am
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POSITIVE IMPACT
Wells Fargo's Q3 earnings were positively impacted by $349M in discrete tax benefits.
The resolution of prior period tax matters resulted in a discrete tax benefit of $349M for Wells Fargo, positively impacting its Q3 earnings. This could potentially make the stock more attractive to investors, leading to a short-term increase in the stock price.
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