Bank of America profit takes hit from large credit loss provision [MSN Money]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: MSN Money
Bank of America on Wednday revealed a dark snapshot of a first quarter that pummeled its financ and forced it to bulk up its war cht amid the worst stock market selloff in gerations.© Mark Lnihan / APThe second-biggt lder after JPMorgan Chase posted provisions for credit loss of $.8 billion, ev more than some of its counterparts, as the coronavirus pandemic shuttered the U.S. economy and pummeled stock and bond markets.Load ErrorThe bank said it earned $ billion, or 0 cts a share, vs. $7. billion, or 70 cts a share, in the comparable year-ago period. Analysts polled by FactSet were expecting per-share earnings of 9 cts. Revue came in at $.8 billion, in line with analysts' forecasts of $.7 billion."Dpite increasing our loan loss rerv, we earned $ billion this quarter, maintained a significant buffer against our most stringt capital requiremt, and ded the quarter with more liquidity than wh we began," CEO Brian Moynihan said in a statemt.The numbers offer the first ugly glimpse at how
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WFC
Earnings
- 10/15/25 - Beat
WFC
Sec Filings
- 12/1/25 - Form 424B2
- 12/1/25 - Form 424B2
- 12/1/25 - Form 424B2
- WFC's page on the SEC website