Wells Fargo 1Q Profit Drops 16%

Wells Fargo (WFC) said Wednesday that its first-quarter net income declined 16%t to $2.54 billion or 45 cents per share, for the first three months of 2010. That’s down from net income of $3.05 billion, or 56 cents per share, y/y basis. Analysts had forecast earnings of 42 cents per share, according to Thomson Reuters (TRI). Revenue rose 2 percent to $21.4 billion.

Create Content With AI

Risk Our Money Not Yours | Get 50% Off Any Account

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.