Multinational financial services company Wells Fargo (WFC) reported better-than-expected financial results for the third quarter of 2021. However, shares closed 1.5% down since total revenue declined year-over-year. Headquartered in California, the company offers banking, insurance, investments, mortgage, consumer, and commercial financial services. Earnings per share (EPS) grew 67% year-over-year to $1.17, beating the Street’s estimate of $0.99. Total revenue declined 2% to $18.83 billion, slightly above analysts’ expectations of $18.35 billion. The Consumer Banking and Lending business segment’s revenue fell 4% year-over-year to $8.8 billion. Revenue from the Commercial Banking segment decreased 7% to $2.1 billion.
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Da Nov 2020 a Nov 2021 Clicca qui per i Grafici di Wells Fargo