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LSEG data shows analysts had penciled in a profit of $5.45 per share on revenue of $49.17 billion
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Wells Fargo, Shares slid 1% after the company's first-quarter results failed to impress investors.
Key facts
- LSEG data shows analysts had penciled in a profit of $5.45 per share on revenue of $49.17 billion
- The bank earned $1.60 per share, though that number was not comparable to an LSEG estimate of $1.58 as it includes a tax benefit
- Analysts expected a profit of $2.66 per share on revenue of $23.63 billion, per LSEG
- Analysts polled by LSEG expected a profit of $11.54 per share on revenue of $6.46 billion
Summary
LSEG data shows analysts had penciled in a profit of $5.45 per share on revenue of $49.17 billion. The bank earned $1.60 per share, though that number was not comparable to an LSEG estimate of $1.58 as it includes a tax benefit.