premarket trading
Wells Fargo Slides Despite Q4 Earnings Beat
Wells Fargo said fourth-quarter profit came in above Wall Street estimates, but the stock fell in premarket trading after interest income missed expectations. Net income for the quarter was $5.36 billion, or $1.62 per share, compared with $5.08 billion, or $1.43 per share, a year earlier. On an adjusted basis, the bank earned $1.76 per…
Bank of America Reports $7.6B Q4 Profit; Interest Income Lifts Results
Bank of America (BAC) beat fourth-quarter earnings expectations, helped by strong trading in volatile markets and record interest income. Shares were up around 2% in premarket trading. Net income came to $7.6 billion, or 98 cents per share, up from $6.8 billion, or 83 cents a year earlier. Analysts were expecting 96 cents per share.…
