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 highlights from Box (BOX) Q4 2021 earnings results
Box Inc. (NYSE: BOX) reported fourth quarter 2021 earnings results today. Revenues rose 8% year-over-year to $198.9 million. GAAP net loss was $4.9 million, or $0.03 per share, compared to
Infographic: Highlights of Hewlett Packard’s (HPE) Q1 2021 earnings report
Technology firm Hewlett Packard Enterprise Company (NYSE: HPE) reported higher earnings for the first quarter of 2021, despite a decrease in revenues. The numbers surpassed the consensus forecast. First-quarter earnings,
MercadoLibre (MELI): Here is a stock to have on your investment radar
MercadoLibre Inc. (NASDAQ: MELI) is one of the stocks that benefited from the COVID-19 pandemic. The Argentine ecommerce company has caught the attention of market experts as it garnered growth