Your email has been successfully added to our mailing list.

×
0 0 -0.00463987436647873 -0.000517524448568712 0.0109929331144264 -0.00256977657220348 -0.0170604611321292 -0.0115818402455564
Stock impact report

Wells Fargo reports first-quarter EPS of just 1 cent as it sets aside more money for credit losses [CNBC]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
US:NYSE Investor Relations: investor.factset.com
Company Research Source: CNBC
Wells FargoThe banking giant reported a profit of just 1 cent per share while analysts polled by Refinitiv expected earnings of 33 cents per share. Wells reported earnings of $1.20 per share in the year-earlier period. Net income dropped 89% to $653 million for the quarter.Wells noted, however, its results suffered from a "reserve build and an impairment of securities" that resulted in a loss of 73 cents per share."Our results were impacted by a $3.1 billion reserve build, which reflected the expected impact these unprecedented times could have on our customers," CFO John Shrewsberry said in a statement.Net interest income at the bank fell to $11.31 billion in the quarter from about $12.3 billion in the year-earlier period. However, that was above a StreetAccount estimate of $10.91 billion. Credit card fees fell 6% year over year to $892 million.The company's stock gained 1.4% in the premarket.Wells Fargo's quarterly results were its first since the coronavirus outbreak paralyzed the Show less Read more
Impact Snapshot
Event Time:
FDS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for
FDS alerts

from News Quantified
Opt-in for
FDS alerts

from News Quantified