Categories AlphaGraphs, Earnings, Finance

Earnings: Wells Fargo (WFC) turns to profit in Q2; results beat estimates

Wells Fargo & Company (NYSE: WFC), a leading investment bank, Wednesday reported a profit for the second quarter of 2021, compared to a loss last year, amid strong revenue growth. The results also exceeded Wall Street’s projection.

Wells Fargo Q1 2021 earnings infographic

Second-quarter profit increased to $6.04 billion or $1.38 per share from a loss of $3.85 billion or $1.01 per share in the same period of last year. Analysts were looking for a smaller bottom-line number for the latest quarter.

At $20.3 billion, revenues were up 11% from the year-ago period and well above the consensus forecast.


Read management/analysts’ comments on Wells Fargo’s Q2 earnings


The bank’s shares closed Tuesday’s session lower, after gaining 55% in the last six months. The stock gained about 1% early Wednesday soon after the earnings announcement.

Prior Performance

  • Wells Fargo (WFC) Q2 2020 Earnings Infograph

_________________________________________________________________________________________________________________

Stocks you may like:

Bank of America (BAC) Stock

Wells Fargo (WFC) Stock

JPMorgan Chase (JPM) Stock

Citigroup (C) Stock

Goldman Sachs (GS) Stock

Morgan Stanley (MS) Stock

_________________________________________________________________________________________________________________

Most Popular

Snowflake (SNOW) appears to be on solid footing despite cloud slowdown

The cloud computing market witnessed accelerated growth in the last couple of years, as enterprises across the world shifted their digital assets to cloud for ensuring safety and enhancing data

Dollar Tree (DLTR) vs. Dollar General (DG): How did the third quarter turn out for these discount retailers?

In times of high inflation and economic uncertainty, consumers tend to turn to discount retailers in search of more value. The two leading discount retailers Dollar Tree Inc. (NASDAQ: DLTR)

Kroger (KR) looks set to start 2023 with new vigor. Is the stock a buy?

The retail environment has witnessed many changes in customers’ shopping behavior lately, especially after the COVID outbreak. With inflation putting pressure on personal finances, there appears to be a new

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top