Wells Fargo & Company reports results for the quarter ended September 30 - Earnings Summary

• Wells Fargo & Company WFC.N reported quarterly adjusted earnings of $1.87​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.66. The mean expectation of twenty one analysts for the quarter was for earnings of $1.85 per share. Wall Street expected results to range from $1.75 to $1.92 per share.

• Revenue rose 2% to $21.87 billion from a year ago; analysts expected $22.31 billion.

• Wells Fargo & Company's reported EPS for the quarter was $1.87​.

• The company reported quarterly net income of $5.7 billion.

• Wells Fargo & Company shares had risen by 4.1% this quarter and lost 10.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

This summary was machine generated from LSEG data October 13 at 12:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)