Wells Fargo beats analysts’ predictions in first-quarter earnings report


Wells Fargo & Co. (NYSE: WFC) beat analysts' predictions in its first-quarter earnings report released this morning.

The San Francisco-based bank posted net income of $5.9 billion, or $1.20 in diluted earnings per share. First-quarter revenue came to $21.6 billion.

Yahoo Finance analysts predicted an average of $1.10 in diluted earnings per share in the first quarter, compared to 96 cents per share in the first quarter of 2018. Revenue predictions for the quarter ranged from $20.62 billion to $21.57…

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