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RE: Wells Fargo & Company
| 14.04.2019, 11:18 (Dieser Beitrag wurde zuletzt bearbeitet: 14.04.2019, 11:19 von Ca$hmandt.)
Wells Fargo's revenue outlook spooks investors
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Wells Fargo's net income applicable to common stock rose https://reut.rs/2P8a214 to $5.51 billion, or $1.20 per share, from $4.73 billion, or 96 cents per share, a year earlier.
But on an adjusted basis, the bank earned $1.03 per share, short of analyst expectations for an adjusted profit of $1.09 per share, according to IBES data from Refinitiv.
The bank's non-interest expenses fell 7.5 percent to $13.9 billion in the quarter from a year earlier. The company is targeting expenses for 2019 of $52 billion to $53 billion.
The decline in expenses outpaced a 1.5 percent fall in total revenue. As signs of a slowing U.S. economy mount, analysts have focused on efficiency in anticipation of slower revenue and loan growth.
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https://finance.yahoo.com/news/wells-far...dYxHm2su-3
![[Bild: WFCc1dl0518.png]](https://finviz.com/publish/041419/WFCc1dl0518.png)
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Wells Fargo's net income applicable to common stock rose https://reut.rs/2P8a214 to $5.51 billion, or $1.20 per share, from $4.73 billion, or 96 cents per share, a year earlier.
But on an adjusted basis, the bank earned $1.03 per share, short of analyst expectations for an adjusted profit of $1.09 per share, according to IBES data from Refinitiv.
The bank's non-interest expenses fell 7.5 percent to $13.9 billion in the quarter from a year earlier. The company is targeting expenses for 2019 of $52 billion to $53 billion.
The decline in expenses outpaced a 1.5 percent fall in total revenue. As signs of a slowing U.S. economy mount, analysts have focused on efficiency in anticipation of slower revenue and loan growth.
...
https://finance.yahoo.com/news/wells-far...dYxHm2su-3
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