US Stock Market News | Q2 Net Interest Income Below Expectations, Wells Fargo Drops Nearly 7%
On Friday, Wells Fargo's stock price fell, dropping nearly 7% to $56.03 as of the time of writing. Data shows that Wells Fargo's Q2 revenue was $20.69 billion, a 1% year-on-year increase, beating market expectations; net profit was $4.91 billion, a 1% year-on-year decrease; earnings per share were $1.33, surpassing the market's expected $1.29. Net interest income was $11.923 billion, a 9% year-on-year decrease, falling short of expectations
According to the Zhitong Finance APP, on Friday, Wells Fargo (WFC.US) stock price fell, with the stock down nearly 7% to $56.03 as of the time of publication. Data shows that Wells Fargo's Q2 revenue was $20.69 billion, a 1% year-on-year increase, beating market expectations; net profit was $4.91 billion, a 1% year-on-year decrease; earnings per share were $1.33, higher than the market's expected $1.29. Net interest income was $11.923 billion, a 9% year-on-year decrease, falling short of expectations