HALISTER: Wells Fargo 1Q Provision For Credit Losses Misses Est.

Wells Fargo 1Q Provision For Credit Losses Misses Est.

(Bloomberg) -- Wells Fargo 1Q provision for credit losses $605m, est. $909.2m
  • 1Q EPS $1.00
  • 1Q mortgage non-interest income $1.23b
  • 1Q rev. $22.0b
  • 1Q net interest margin 2.87%, est. 2.89%
  • 1Q net interest income $12.3b
  • 1Q non-interest expenses $13.8b
  • 1Q net charge-offs $805m, est. $883.6m
  • 1Q non-performing assets $10.7b
  • Loans $958.4b
  • 1Q total avg. deposits $1.30t
  • 1Q efficiency ratio 62.7%
  • 1Q return on assets 1.15%
  • 1Q ROE 11.5%
  • 1Q common equity Tier 1 ratio 11.2%, est. 10.67% (range 10.5%-10.9%)
NOTE:
  • 14 buys, 14 holds, 7 sells before today
  • Call 10am (NY time), 866-872-5161
Statement

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
WFC US (Wells Fargo & Co)

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