Company news: Wells Fargo's (WFC) quarterly results beat analysts’ estimates

Wells Fargo (WFC) reported Q1 FY2024 earnings of $1.20 per share (versus $1.23 per share in Q1 FY2023), beating analysts’ consensus estimate of $1.06 per share.

The company’s quarterly revenues amounted to $20.863 bln (+0.60% y/y), beating analysts’ consensus estimate of $20.195 bln.

WFC rose to $57.28 (+1.04%) in pre-market trading.