Wells Fargo (WFC) reported Q1 FY2023 earnings of $1.23 per share (versus $0.88 per share in Q1 FY2022), beating analysts’ consensus estimate of $1.14 per share.
The company’s quarterly revenues amounted to $20.729 bln (+16.9% y/y), beating analysts’ consensus estimate of $20.061 bln.
WFC rose to $40.85 (+3.00%) in pre-market trading.
