Wells Fargo shares fall after weak second quarter shows its fake account scandal still taking a toll

Wells Fargo reported lower revenue and profit for the second-quarter, falling short of expectations as it tries to move on from its regulatory issues. The bank said Friday that earnings per share were 98 cents on a GAAP basis, including a 10 cent per share tax expense. Not counting that expense, EPS of $1.08 fell short of Wall Street's $1.12 estimate for the quarter. Shares of Wells Fargo fell 2.6 percent in premarket trading. Wall Street had expected revenue of $21.677, according to Thomson Reuters. Net income of $5.19 was also shy of expectations, which called for net income of $5.47 billion.

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This election year will have a significant impact on long-term indirect tax rules, rates, and risks. More immediately, federal, state, and local tax policymaking, fiscal conditions, and technological disruptions will muddle the short-term indirect tax environment in the United States. This white paper will cover the important tr


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Spotlight

This election year will have a significant impact on long-term indirect tax rules, rates, and risks. More immediately, federal, state, and local tax policymaking, fiscal conditions, and technological disruptions will muddle the short-term indirect tax environment in the United States. This white paper will cover the important tr

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