Wells Fargo & Co.

NYSE:WFC   3:59:59 PM EDT
+0.01 (+0.02%)
4:02:43 PM EDT: $50.63 0.00 (0.00%)
Earnings Announcements

Wells Fargo CEO Scharf Says Outlook For U.S. Economy Is Promising

Published: 10/14/2021 17:52 GMT
Wells Fargo & Co. (WFC) - Wells Fargo CEO Says Areas Hardest Hit by the Pandemic Have Recovered Including Travel, Entertainment, Restaurant Spending.
Wells Fargo CEO Says for the First Time Since Q1 2020, Bank Grew Both Period-end Loans and Deposits in Q3.
Wells Fargo CEO Says Bank Continues to See That Its Customers Have Significant Liquidity and Consumers Are Continuing to Spend.
Wells Fargo CEO Says Weekly Debit Card Spend During the Third Quarter Was Up Every Week Compared to 2019.
Wells Fargo CEO Says Outlook for U.S. Economy is Promising, Flags Covid-19 Infections, Recent U.S. Fiscal Policy Stalemate and Inflation Concerns As Risks.
Wells Fargo CEO Says Bank Remains on Target to Achieve a Sustainable 10% Rotce.
Wells Fargo CFO Says "current Outlook for 2021 Expenses, Excluding Restructuring Charges and the Cost of Business Exits, is Approximately $53.5 Billion".
Wells Fargo CFO Says Co Expects Full Year Operating Losses to Be Approximately $250 Million Higher Than Assumptions at the Beginning of the Year.
Wells Fargo CEO Says Goal is Still the Same, Would Like to See Net Reductions in the Overall Expense Base.
Wells Fargo CEO Says Co Spending Significant Amount on Regulatory Orders and is Not Assuming That It Gets Efficiencies Out of That in the Near Future.
Further Company Coverage: Wfcn ((reuters.
Revenue is expected to be $18.46 Billion
Adjusted EPS is expected to be $1.03

Next Quarter Revenue Guidance is expected to be $17.46 Billion
Next Quarter EPS Guidance is expected to be $0.78

More details on our Analysts Page.