Categories AlphaGraphs, Earnings, Finance
A visual representation of Wells Fargo (WFC) Q1 2020 earnings results
Wells Fargo (NYSE: WFC) reported an 89% dip in earnings for the first quarter of 2020 due to lower revenue as well as higher costs and expenses. The results included the impact of reserve build and impairment of securities driven by economic and market conditions. The results missed analysts’ expectations.
The top line was hurt by net losses from equity securities reflecting lower deferred compensation plan investment results as well as lower mortgage banking income, card fees, and net interest income. The provision for credit losses increased $1 billion, predominantly due to reserve build reflecting forecasted credit deterioration due to the COVID-19 pandemic.
Past Performance
4Q19 
3Q19 
2Q19
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
Alibaba Group (BABA) Q2 2025 Earnings: Key financials and quarterly highlights
Alibaba Group Holding Limited (NYSE: BABA) reported its second quarter 2025 earnings results today. Revenue was $33.7 billion, up 5% year-over-year. Net income attributable to ordinary shareholders grew 58% to
AMAT Earnings: Applied Materials Q4 revenue and profit increase YoY
Applied Materials, Inc. (NASDAQ: AMAT) announced financial results for the fourth quarter of 2024, reporting an increase in revenue and adjusted earnings. Adjusted earnings of the semiconductor technology company increased
What to expect when Target (TGT) reports its Q3 2024 earnings results
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday. The stock has gained 9% over the past three months. The retailer is scheduled to report its earnings results for
Comments