Wells Fargo posted quarterly earnings that met expectations Friday, while revenue exceeded Wall Street estimates.
The bank reported earnings of $1.01 a share, matching forecasts, on revenue of $21.07 billion. Analysts had expected Wells Fargo to deliver sales of $20.84 billion, according to a consensus estimate from Thomson Reuters. The company posted earnings of 98 cents a share in the same period a year ago.
This is the first quarter since 2009 that Wells Fargo did not increase its earnings-per-share from the preceding quarter, ending a 17-quarter streak.
Shares dipped in and out of negative territory following the report. (Click here to track shares)