Wells Fargo Q3 2024 GAAP EPS $1.42 Beats $1.28 Estimate, Sales $20.37B Miss $20.41B Estimate
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo reported Q3 2024 earnings per share of $1.42, beating the consensus estimate of $1.28, but sales of $20.37 billion slightly missed the $20.41 billion estimate. Both earnings and sales showed a decline compared to the same period last year.
October 11, 2024 | 10:47 am
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Wells Fargo's Q3 2024 earnings per share of $1.42 exceeded expectations, but sales of $20.37 billion fell short. Both figures declined compared to last year.
Wells Fargo's earnings beat expectations, which is positive, but the sales miss and year-over-year declines in both earnings and sales could neutralize the positive impact. Investors may have mixed reactions, leading to a neutral short-term price impact.
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