SAN FRANCISCO (dpa-AFX) - Wells Fargo & Co (WFC) reported earnings for its second quarter that Increases, from the same period last year and beat the Street estimates.
The company's earnings totaled $5.494 billion, or $1.60 per share. This compares with $4.910 billion, or $1.33 per share, last year.
Analysts on average had expected the company to earn $1.40 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 65.7% to $20.822 billion from $60.689 billion last year.
Wells Fargo & Co earnings at a glance (GAAP) :
-Earnings: $5.494 Bln. vs. $4.910 Bln. last year. -EPS: $1.60 vs. $1.33 last year. -Revenue: $20.822 Bln vs. $60.689 Bln last year.
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