Wells Fargo reported mixed financial results in the second quarter of 2019 as the bank works to combat public scrutiny over a series of scandals. The bank reported a profit of $6.2 billion in the.
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SAN FRANCISCO – Wells Fargo & Company (nyse:wfc) reported net income of $6.2 billion, or $1.30 per diluted common share, for second quarter 2019, compared with $5.2 billion, or $0.98 per share, for second quarter 2018, and $5.9 billion, or $1.20 per share, for first quarter 2019.
Title: Wells Fargo – Third Quarter, 2018 Earnings Author: Wells Fargo Subject: Wells Fargo – Third Quarter, 2018 Earnings Keywords: Wells Fargo Created Date
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Wells Fargo Retained Earnings Calculation. Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders’ equity is increased by the same amount. Of course, if a company loses, it is called retained losses, or accumulated losses.
The market didn’t like something in Wells Fargo’s (NYSE:WFC) earnings report, as shares fell nearly 3% at their low on Tuesday morning after the bank posted results for the fourth quarter. Was it.
Backed by lower expenses, Wells Fargo (WFC – Free Report) delivered a positive earnings surprise of 3.4% in fourth-quarter 2018. Earnings of $1.21 per share surpassed the Zacks Consensus Estimate of $1.17. Also, the bottom-line compared favorably with $1.16 recorded in the prior-year quarter.