Wells Fargo Beat Wall Street’s Expectations and Biogen Idec Released Positive Results for Eloctate
Wells Fargo & Company (NYSE: WFC) reported 14% higher first quarter earnings, which exceeded well beyond Wall Street's expectations. The fourth-largest U.S. bank by assets earned $5.89 billion, or $1.05 per share. That compared to $5.17 billion, 92 cents a share, in last year’s first quarter. Revenue declined 3% to $20.63 billion. According to a Thomson-Reuters poll, the consensus of financial analysts had been for per-share earnings of 97 cents on revenue of $20.6 billion. Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and