July 16, 2022 - 7:00pm | By Kyle Cornell
(San Francisco, CA) -- Wells Fargo earnings fell in the second quarter as the company set aside funds for bad loans.
The San Francisco-based bank reported earnings of 74 cents per share, including an eight-cent per share impact tied to impairments. Wells Fargo revenue for April through June was 17-point-03 billion dollars.
Wall Street was expecting earnings of 80 cents a share on revenue of 17-point-53 billion dollars.