Company news: Wells Fargo’s (WFC) quarterly earnings beat analysts’ expectations

Wells Fargo (WFC) reported Q3 FY2024 earnings of $1.42 per share (versus $1.39 per share in Q3 FY2023), beating analysts’ consensus estimate of $1.28 per share.

The company’s quarterly revenues amounted to $20.366 bln (-2.4% y/y), roughly in line with analysts’ consensus estimate of $20.403 bln.

WFC rose to $59.50 (+3.03%) in pre-market trading.