Wells Fargo's First-Quarter Earnings Slammed by Pandemic [TheStreet.com]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: TheStreet.com
Wells Fargo(WFCGet ReportThe San Francisco-based bank reported net income of $653 million, or 1 cent a share, for the first quarter vs. $5.9 billion, or $1.20 a share, in the comparable year-earlier quarter.That number, however, included the impact of building up a $3.1 billion war chest, the equivalent of 56 cents a share, and so-called impairment of securities of $950 million, or a hit of 17 cents a share, “driven by economic and market conditions,” the bank said in a statement.That added up to a nearly $4 billion buffer to protect the bank from all types of losses related to loans, investments and commercial and consumer banking and services.“Wells Fargo plays an important role in the financial system and the economic strength of our country, and we take our responsibility seriously, particularly in these unprecedented times,” CEO Charlie Scharf said in a statement.Revenue came in at $17.7 billion, down from $21.6 billion in first quarter of 2019. Net interest income was $11.3 bill
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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