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-0.00128916540552654 -5.60506698054532E-05 0.000168152009416519 0.00169850344711623 0.000504456028249557 0.000504456028249557 0.000504456028249557 0.000504456028249557
Stock impact report

Why Wells Fargo (WFC) Shares Are Falling Today [Yahoo! Finance]

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Company Research Source: Yahoo! Finance
results, where an earnings beat was overshadowed by a miss on revenue and weaker-than-expected profitability metrics. The bank's adjusted earnings of $1.76 per share topped analyst estimates, but its revenue of $21.29 billion fell short of Wall Street's expectations. Investors also focused on key operational figures, as the bank's net interest margin, a core measure of lending profitability, came in at 2.6%, below the 2.7% anticipated. Additionally, the company's efficiency ratio, which measures noninterest expenses as a percentage of revenue, was 64%, missing the forecast of 62.7% and indicating lower-than-expected efficiency. Overall, it was an underwhelming quarter with investors expecting more. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Wells Fargo? Access our full analysis report here, it's free Wells Fargo's shares are not very volatile and have only had 7 moves greater than 5% Show less Read more
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