Wells Fargo & Misses
Wells Fargo & (WFC) reported 1st Quarter March 2020 earnings of $0.01 per share on revenue of $21.1 billion. The consensus earnings estimate was $0.22 per share on revenue of $19.5 billion. The Earnings Whisper number was $0.60 per share. Revenue fell 19.7% compared to the same quarter a year ago.
Wells Fargo & Co is a diversified financial services company. It provides retail, corporate and commercial banking services through banking stores and offices, the internet and other distribution channels to individuals, businesses and institutions.
Wells Fargo Reports First Quarter 2020 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) has released its first quarter 2020 financial results. The financial results are available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/, and on a Form 8-K filed by the Company with the Securities and Exchange Commission (SEC) on April 14, 2020 and available on the SEC’s website at www.sec.gov.
The Company will host a live conference call on Tuesday, April 14, at 7:00 a.m. PT (10:00 a.m. ET). You may listen to the call by dialing 866-872-5161 (U.S. and Canada) or 440-424-4922 (International). The call will also be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and https://engage.vevent.com/rt/wells_fargo_ao/index.jsp?seid=513
A replay of the conference call will be available beginning at 11:00 a.m. PT (2:00 p.m. ET) on Tuesday, April 14 through Tuesday, April 28. Please dial 855-859-2056 (U.S. and Canada) or 404-537-3406 (International) and enter Conference ID #5371395. The replay will also be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and https://engage.vevent.com/rt/wells_fargo_ao/index.jsp?seid=513
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.98 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations.
Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.
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Peter Gilchrist, 704-715-3213
Ancel Martinez, 415-222-3858
John Campbell, 415-396-0523
Source: Wells Fargo & Company