Wells Fargo Q3 EPS $1.87 vs. IBES estimate $1.85
WFC•Wells Fargo reported third-quarter EPS of $1.87, above the IBES estimate of $1.85. Revenue was $21.87 billion versus an estimate of $22.3 billion, and net income was $5.951 billion.
1. Third-quarter results
Wells Fargo reported third-quarter revenue of $21.87 billion, below the $22.3 billion IBES estimate, and net interest income of $12.517 billion, below the $12.628 billion estimate. The bank reported net income of $5.951 billion, a 13.8% return on equity, a $1.029 billion credit loss provision and a 10% CET1 capital ratio.
