Wells Fargo (NYSE:WFC) reported its Q4 earnings results on Friday, January 14, 2022 at 06:48 AM.
Here’s what investors need to know about the announcement.
Earnings
Wells Fargo beat estimated earnings by 23.21%, reporting an EPS of $1.38 versus an estimate of $1.12, which surprised analysts.
Revenue was up $2.93 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.18, which was followed by a 6.78% increase in the share price the next day.
Here’s a look at Wells Fargo’s past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.99 | 0.97 | 0.70 | 0.60 |
| EPS Actual | 1.17 | 1.38 | 1.05 | 0.64 |
| Revenue Estimate | 18.37B | 17.75B | 17.50B | 18.13B |
| Revenue Actual | 18.83B | 20.27B | 18.06B | 17.93B |
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.
