Wells Fargo &Co (NYSE:WFC) reported third quarter earnings that missed analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.07 on revenue of $22.01B. Analysts polled by forecast EPS of $1.22 on revenue of $21.03B. That compared to EPS of $1.13 on revenue of $21.94B in the same period a year earlier. The company had reported EPS of $1.3 on revenue of $21.58B in the previous quarter.
Wells Fargo&Co shares lost 1.06% to trade at $48.75 in pre-market trade following the report.
Wells Fargo&Co follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported third quarter EPS of $2.68 on revenue of $30.06B, compared to forecasts of EPS of $2.45 on revenue of $28.46B.
UnitedHealth earnings beat analysts' expectations on Tuesday, with third quarter EPS of $3.88 on revenue of $60.35B. analysts expected EPS of $3.75 on revenue of $59.75B
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