Markets Insider reports that Wells Fargo has exceeded earnings expectations for the first quarter of 2019. Shares stayed relatively the same, holding just above $48 apiece.
The lender announced adjusted earnings of $1.20 a share, which is a full 10% higher than the $1.09 estimate that analysts were anticipating. Overall, revenues for the quarter totaled $21.6 billion. The lender's net interest margin, however, missed the mark, coming in at 2.91%, below the 2.93% that was expected.