Wells Fargo Stock Reacts Positively To Quarterly Earnings

Today, Wells Fargo is in the spotlight of investors after it announced financial results for the fourth quarter. These numbers seemed to boost the company, and the stock eventually rose by as much as 1.87% for the day, while during the week, the price gradually surged from $ 54.50 to $56.86, resulting in a 4% profit. In this situation, it might be a good idea for investors to look at some key revenue indicators of Wells Fargo & Company for the 4th quarter of 2021.

Wells Fargo
In the quarter, WFC reported a total revenue which is significantly exceeded by over 13% representing $20.8 billion, while the previous quarter was at $18.8 billion. As you noticed, the company even surpassed analysts’ estimates for fourth-quarter earnings. Net income is impressively skyrocketed by almost 86% to $5.7 billion, while EPS more than doubled to $1.38 compared to the year-ago quarter. It is also worth noting that the bank has repurchased $139.7 million ordinary shares or $7 billion. The company’s stock market reacted positively, and WFC prices are growing steadily today.

April Sanchez

Business and Tech Reporter

April Sanchez has 620 posts and counting. See all posts by April Sanchez