Wells Fargo: net banking income disappoints slightly.

(CercleFinance.com) - Before the market opened, Wells Fargo reported earnings of approximately 5.
5 billion dollars for the first quarter of its fiscal year, or EPS if 1 dollar per share, compared with 99 cents a year earlier.

The Californian bank therefore exceeded analysts' expectations, who forecast a slight contraction to around 96 cents.

However, adjusted net banking income fell slightly, down from 22.2 billion dollars to 22 billion dollars, against the consensus, which expected an increase to around 22.34 billion dollars.

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