Jan. 14 at 4:52 PM
$WFC beats Q4 earnings expectations but shares fall. Why? 📉
Wells Fargo reported adjusted EPS of
$1.76, surpassing estimates, thanks to improved net interest income and higher loan balances. Yet, a rise in non-performing assets and
$612M in severance expenses dragged shares down 2.6% pre-market.
Full breakdown here 👉 https://www.zacks.com/stock/news/2817426/wells-fargo-q4-earnings-top-estimates-on-higher-nii-stock-slips?cid=sm-stocktwits-2-2817426-body-28921&ADID=SYND_STOCKTWITS_TWEET_2_2817426_BODY_28921