Wells Fargo (WFC) Tops Q1 EPS by 35c

Wells Fargo (NYSE: WFC) reported Q1 EPS of $1.05, $0.35 better than the analyst estimate of $0.70. Revenue for the quarter came in at $18.06 billion versus the consensus estimate of $17.5 billion.

• Consumer Banking and Lending
• Average loans of $353.1 billion, down 8%
• Average deposits of $789.4 billion, up 21%
• Commercial Banking
• Average loans of $183.1 billion, down 19%
• Average deposits of $208.0 billion, up 8%
• Corporate and Investment Banking
• Average loans of $246.1 billion, down 5%
• Average trading-related assets of $197.4 billion, down 14%
• Average deposits of $194.5 billion, down 27%
• Wealth and Investment Management
• Total client assets of $2.1 trillion, up 28%
• Average loans of $80.8 billion, up 4%
• Average deposits of $173.7 billion, up 19%
• Capital
• Repurchased 17.2 million shares, or $596 million, of common stock in first quarter 2021
  

For earnings history and earnings-related data on Wells Fargo (WFC) click here.

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