Wells Fargo Reports Q2 GAAP Earnings and Revenue Beats
Wells Fargo reported second-quarter GAAP earnings per share (EPS) of $2.00, exceeding estimates by $0.28, driven in part by tax benefits from prior period resolutions. The company also posted revenue of $22.62 billion, a year-over-year increase of 8.6%, which beat expectations by $770 million.
Topics: banking earnings financials