How Schwab Network’s view on $WFC changed

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“Tuesday's First Moves: WFC Mixed Earnings, JNJ Beat & Raise, DPZ Slides”

Wells Fargo's quarter was mixed: EPS of $1.87 beat the $1.85 expected, but revenue of $21.87B and net interest income missed. Consumer trends look strong — 14 consecutive quarters of checking-account growth — but the speaker dislikes the CFO's report of sharply slower late-September trading.

As we continue to focus on banks, today we're discussing Wells Fargo. Let's talk about this bank. Yes, as we see in the sector as a whole, the results are mixed, aren't they? Wells Fargo's results are mixed when looking at profits and revenues.

Although the CEO said that the consumer is still strong and that their consumer activity is strong, the overall results were mixed.

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