trending Market Intelligence /marketintelligence/en/news-insights/trending/RCXtoCLtcM1HUDoQGrPpiw2 content esgSubNav
In This List

Oil and gas losses increase Wells Fargo charge-offs

Blog

Banking Essentials Newsletter May 29th Edition

Blog

Managed Services Insights: The client lifecycle management solution

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition


Oil and gas losses increase Wells Fargo charge-offs

on July 15reported net income applicable to common stock of $5.17 billion or$1.01 per share. In the year-ago period, it was $5.36 billion, or $1.03 pershare.

TheS&P Capital IQ consensus normalized EPS estimate for the recent quarter was$1.01.

Wells noted its charge-offs totaled $924 million, up $274million from a year ago due to higher oil and gas loan losses.