Wells Fargo & Misses
Wells Fargo & (WFC) reported a 2nd Quarter June 2020 loss of $0.66 per share on revenue of $19.8 billion. The consensus estimate was a loss of $0.16 per share on revenue of $18.6 billion. The Earnings Whisper number was for a loss of $0.13 per share. Revenue fell 25.4% 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 Second Quarter 2020 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) has released its second 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 July 14, 2020 and available on the SEC’s website at www.sec.gov.
The Company will host a live conference call on Tuesday, July 14, at 8 a.m. PT (11 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=518.
A replay of the conference call will be available at approximately 12:00 p.m. PT (3 p.m. ET) on Tuesday, July 14 through Tuesday, July 28. Please dial 855-859-2056 (U.S. and Canada) or 404-537-3406 (International) and enter Conference ID #8246476. 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=518.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.97 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 7,300 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 266,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
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Peter Gilchrist, 704-715-3213
Ancel Martinez, 415-222-3858
John Campbell, 415-396-0523
Source: Wells Fargo & Company