CNBC Investing Club

Wells Fargo stumbled this quarter, but our investment thesis on the bank remains intact

Smith Collection/Gado | Archive Photos | Getty Images

Wells Fargo (WFC) reported disappointing first-quarter results before the opening bell Thursday. 

Total revenue of $17.59 billion, a decrease of 5% year-over-year, missed the FactSet consensus estimate of $17.80 billion. And adjusted earnings per share of $0.88, down 13.7%, beat estimates of $0.80. 

More In CNBC Investing Club Newsletter

CNBC Investing ClubWe're adding to an underappreciated stock and another that's right for the moment
2 hours ago
CNBC Investing ClubWhat the Investing Club is watching Monday — Biden angers China, JPMorgan reverses guidance
2 hours ago
CNBC Investing ClubStocks are getting slammed — bear market or not — but the very best companies are on sale