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
BIIB Earnings: Biogen Q1 2024 adj. earnings rise despite lower revenues
Biotechnology firm Biogen Inc. (NASDAQ: BIIB) Wednesday reported an increase in adjusted profit for the first quarter of 2024, despite a decline in revenues. Total revenue declined 7% year-over-year to
Hasbro (HAS) Q1 2024 Earnings: Key financials and quarterly highlights
Hasbro, Inc. (NASDAQ: HAS) reported first quarter 2024 earnings results today. Revenues decreased 24% year-over-year to $757.3 million. Net earnings attributable to Hasbro, Inc. were $58.2 million, or $0.42 per
BA Earnings: Highlights of Boeing’s Q1 2024 financial results
The Boeing Company (NYSE: BA) on Wednesday announced financial results for the first quarter of 2024, reporting a narrower net loss, on an adjusted basis. Revenues dropped 8%. Core loss,
Comments