Investing.com - Wells Fargo &Co (NYSE:WFC) reported first quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $1.2 on revenue of $21.61B. Analysts polled by Investing.com expected EPS of $1.12 on revenue of $20.97B. That compared to EPS of $1.12 on revenue of $21.93B in the same period a year earlier. The company had reported EPS of $1.21 on revenue of $20.98B in the previous quarter.
Wells Fargo&Co shares gained 1.72% to trade at $48.56 in pre-market trade following the report.
Wells Fargo&Co follows other major Financial sector earnings this month
On Friday, JPMorgan reported first quarter EPS of $2.65 on revenue of $29.85B, compared to forecasts of EPS of $2.36 on revenue of $28.47B.
PNC Financial earnings matched analysts' expectations on Friday, with first quarter EPS of $2.61 on revenue of $4.29B. Investing.com analysts expected EPS of $2.61 on revenue of $4.27B
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