Banking giant Wells Fargo (NYSE: WFC) reported lower revenues and earnings for the third quarter of 2020. Revenues beat the Street view, while earnings missed. The bank’s stock declined early Wednesday soon after the announcement.
Net revenues were $18.9 billion in the third quarter, down from $22.0 billion in the year-ago period. The top-line came in above analysts’ forecast. Net interest income decreased 19% annually to $9.4 billion.
Read management/analysts’ comments on Wells Fargo’s Q3 earnings
Net profit was $2.0 billion or $0.42 per share in the three-month period, down from $4.6 billion or $0.92 per share a year earlier. Analysts were looking for a higher profit.
Wells Fargo’s stock dropped during Wednesday’s pre-market trading, after closing the previous session down 4%.
Past Performance
Most Popular
Key metrics from Kroger’s (KR) Q3 2025 earnings results
The Kroger Co. (NYSE: KR) reported its third quarter 2025 earnings results today. Total company sales rose to $33.9 billion from $33.6 billion in the same period last year. Identical
Dollar General (DG) Q3 2025 Earnings: Key financials and quarterly highlights
Dollar General Corporation (NYSE: DG) reported its third quarter 2025 earnings results today. Net sales increased 4.6% year-over-year to $10.65 billion. Same-store sales increased 2.5%. Net income was $282.7 million, or
HRL Earnings: All you need to know about Hormel Foods’ Q4 2025 earnings results
Hormel Foods Corporation (NYSE: HRL) reported its fourth quarter 2025 earnings results today. Net sales increased 1.5% year-over-year to $3.18 billion. Organic sales were up 2%. Net loss attributable to Hormel
