Wells Fargo&Co Earnings beat, Revenue misses In Q4 By Investing.com

Wells Fargo (NYSE:WFC)&Co reported on Friday fourth quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.

Wells Fargo&Co announced earnings per share of $0.7 on revenue of $17.93B. Analysts polled by Investing.com anticipated EPS of $0.5816 on revenue of $18.12B.

Wells Fargo&Co shares are up 15% from the beginning of the year and are trading at $33.85 , down-from-52-week-high.They are outperforming the S&P 500 which is up 1.05% from the start of the year.

Wells Fargo&Co shares lost 2.59% in pre-market trade the report.

Wells Fargo&Co follows other major Financial sector earnings this month

Wells Fargo&Co’s report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.79 on revenue of $29.22B, compared to forecasts EPS of $2.56 on revenue of $28.41B.

BlackRock had beat expectations on Thursday with fourth quarter EPS of $10.18 on revenue of $4.48B, compared to forecast for EPS of $8.66 on revenue of $4.18B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar