Investing.com - Wells Fargo &Co (NYSE:WFC) reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.3 on revenue of $21.58B. Analysts polled by Investing.com forecast EPS of $1.17 on revenue of $20.94B. That compared to EPS of $0.98 on revenue of $21.55B in the same period a year earlier. The company had reported EPS of $1.2 on revenue of $21.61B in the previous quarter.
Wells Fargo&Co shares gained 0.51% to trade at $46.94 in pre-market trade following the report.
Wells Fargo&Co follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported second quarter EPS of $2.82 on revenue of $29.57B, compared to forecasts of EPS of $2.51 on revenue of $28.84B.
Citigroup earnings beat analysts' expectations on Monday, with second quarter EPS of $1.95 on revenue of $18.76B. Investing.com analysts expected EPS of $1.81 on revenue of $18.51B
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