WFC
$22.54
Wells Fargo &
($.32)
(1.40%)
Earnings Details
3rd Quarter September 2020
Wednesday, October 14, 2020 7:54:00 AM
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Summary

Wells Fargo & Beats

Wells Fargo & (WFC) reported 3rd Quarter September 2020 earnings of $0.56 per share on revenue of $20.3 billion. The consensus earnings estimate was $0.47 per share on revenue of $17.8 billion. The Earnings Whisper number was $0.46 per share. Revenue fell 24.5% compared to the same quarter a year ago.

Wells Fargo & Co is a diversified financial services company. It provides retail, corporate and commercial banking services through banking stores and offices, the internet and other distribution channels to individuals, businesses and institutions.

Results
Reported Earnings
$0.56
Earnings Whisper
$0.46
Consensus Estimate
$0.47
Reported Revenue
$20.29 Bil
Revenue Estimate
$17.79 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Wells Fargo Reports Third Quarter 2020 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) has released its third quarter 2020 financial results. The financial results are available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and on a Form 8-K filed by the Company with the Securities and Exchange Commission (SEC) on Oct. 14, 2020 and available on the SEC’s website at www.sec.gov.

Conference Call

The Company will host a live conference call on Wednesday, Oct. 14, at 10 a.m. ET. You may listen to the call by dialing 866-872-5161 (U.S. and Canada) or 440-424-4922 (International). The call will also be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and https://engage.vevent.com/rt/wells_fargo_ao/index.jsp?seid=523.

A replay of the conference call will be available at approximately 2 p.m. ET on Oct.14 through Wednesday, October 28. Please dial 855-859-2056 (U.S. and Canada) or 404-537-3406 (International) and enter Conference ID: 9189348. The replay will also be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and https://engage.vevent.com/rt/wells_fargo_ao/index.jsp?seid=523.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.92 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,200 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations.

Media
Peter Gilchrist, 704-715-3213
peter.gilchrist@wellsfargo.com

Ancel Martinez, 415-222-3858
ancel.martinez@wellsfargo.com

Investor Relations
John Campbell, 415-396-0523
john.m.campbell@wellsfargo.com

Source: Wells Fargo & Company