Summary
Wells Fargo & Beats
Wells Fargo & (WFC) reported 1st Quarter March 2023 earnings of $1.23 per share on revenue of $26.7 billion. The consensus earnings estimate was $1.15 per share on revenue of $20.1 billion. The Earnings Whisper number was $1.16 per share. Revenue grew 44.2% on a year-over-year basis.
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.
Results
Reported Earnings
$1.23
Earnings Whisper
$1.16
Consensus Estimate
$1.15
Reported Revenue
$26.75 Bil
Revenue Estimate
$20.14 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
Wells Fargo Reports First Quarter 2023 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) has released its first quarter 2023 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, 2023, and available on the SEC’s website at www.sec.gov.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230413005862/en/
Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)
Conference call
The company will host a live conference call on Friday, April 14, at 10:00 a.m. Eastern time. You may listen to the call by dialing 1-888-673-9782 (U.S. and Canada) or 312-470-7126 (International/U.S. Toll) and entering passcode: 7928529#. The call will also be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/.
A replay of the conference call will be available from approximately 1:00 p.m. Eastern time on April 14 through Friday, April 28. Please dial 1-800-813-5529 (U.S. and Canada) or 203-369-3826 (International/U.S. Toll) and enter passcode: 7515#. A webcast replay will also be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo
News Release Category: WF-CF
View source version on businesswire.com: https://www.businesswire.com/news/home/20230413005862/en/
Media
Beth Richek, 704-374-2545
beth.richek@wellsfargo.com
Investor Relations
John Campbell, 415-396-0523
john.m.campbell@wellsfargo.com
Source: Wells Fargo & Company
