Wells Fargo: Q2 earnings above estimates.

(CercleFinance.com) - Prior to Wall Street's opening on Friday, Wells Fargo's Q2 accounts were marked by a 5% y-o-y increase in net income to 5.
08 billion dollars.

The US bank's EPS rose by 6 cents compared to the same period last year, reaching 1.07 dollar, while the consensus was expecting EPS to be flat at 1.01 dollar.

However, revenues stagnated at 22.2 billion dollars, while the consensus expected them to increase to 22.5 billion dollars.

The group's net interest margin reached 2.9%, slightly above the consensus of 2.88%.


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