Wells Fargo & Co reports results for the quarter ended December 31 - Earnings Summary

• Wells Fargo & Co WFC.N reported quarterly adjusted earnings of $1.58​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.29. The mean expectation of twenty analysts for the quarter was for earnings of $1.35 per share. Wall Street expected results to range from $1.26 to $1.45 per share.

• Revenue fell 0.5% to $20.38 billion from a year ago; analysts expected $20.59 billion.

• Wells Fargo & Co's reported EPS for the quarter was $1.43​.

• The company reported quarterly net income of $4.8 billion.

• Wells Fargo & Co shares had risen by 1.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Wells Fargo & Co is $80.50

This summary was machine generated from LSEG data January 15 at 02:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)