Microsoft selbst warnt vor der Verwendung von Internet Explorer, da er nicht mehr den neuesten Web- und Sicherheitsstandards entspricht. Wir können daher nicht garantieren, dass die Seite im Internet Explorer in vollem Umfang funktioniert. Nutze bitte Chrome oder Firefox.

Why Shares of Wells Fargo Are Rising Today

TheMotleyFool

0 0

Why Shares of Wells Fargo Are Rising TodayPhoto, wide shot, wide-angle lens, Private equity firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/2b695cca-48cb-4195-802a-e3385fb90ec0.png

Shares of Wells Fargo (NYSE: WFC) are trading more than 7% higher as of 11:12 a.m. ET today after the large bank reported earnings results for the second quarter of 2022.

The bank reported diluted earnings per common share of $0.74 on total revenue of more than $17 billion. The Street had been expecting earnings of $0.86 on revenue of $17.53 billion.

The quarter included a $576 million impairment of equity securities, largely as a result of its subsidiary venture capital business due to market conditions. The bank also had $576 million of operating losses due to litigation related to past incidents such as its phony-accounts scandal.

Source Fool.com

Like: 0

WFC

Teilen