Wells Fargo (WFC.US) results fell short of investor expectations. Results for the fourth quarter of 2022 fell below analysts' forecasts. The bank's shares are losing nearly 5% before the opening of this week's last trading session.
Q4 results:
- Revenues: $19.66 billion vs. expectations of $19.95 billion
- EPS: $0.67 vs. expectations of $3.1
- Net interest income: $13.43 billion vs. expectations of $12.99 billion
- Provision for credit losses: $957 million vs. expectations of $860.2 million
- Fourth quarter operating loss was $3.3 billion
- Bank plans to continue share repurchase program in Q1 2023
Wells Fargo (WFC.US) shares are trading with losses ahead of the opening of today's session on Wall Street. Source: xStation 5
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