Wells Fargo Shares Fall Despite Q2 Earnings Beat: 'Guidance Was Softer Than Expected — A Valid Concern'
Portfolio Pulse from Priya Nigam
Wells Fargo & Co (NYSE:WFC) shares fell despite beating Q2 earnings expectations due to softer-than-expected guidance. Analysts from Goldman Sachs, RBC Capital Markets, Piper Sandler, and Oppenheimer provided mixed ratings and price targets, highlighting concerns over net interest income and future guidance.
July 15, 2024 | 3:05 pm
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Wells Fargo shares fell despite beating Q2 earnings expectations due to softer-than-expected guidance. Analysts provided mixed ratings and price targets, highlighting concerns over net interest income and future guidance.
Despite beating Q2 earnings expectations, Wells Fargo's softer-than-expected guidance, particularly regarding net interest income, led to a decline in share price. Analysts' mixed ratings and price targets reflect concerns over future performance.
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