Wells Fargo & Firm WFC reported better-than-expected outcomes for its first quarter on Friday.

Wells Fargo reported first-quarter FY23 income progress of 17% year-over-year to $20.73 billion, beating the consensus of $20.07 billion. The corporate posted an EPS of $1.23, in contrast with $0.91 a yr in the past and beating the consensus of $1.13.

Wells Fargo shares fell 0.1% to shut at $39.64 on Friday and added 0.1% in at this time’s pre-market buying and selling session.

These analysts made adjustments to their value targets on Wells Fargo following earnings announcement.

• Citigroup lower the worth goal on Wells Fargo from $52 to $50. Citigroup analyst Keith Horowitz maintained a Purchase score.
• Raymond James raised the worth goal on Wells Fargo from $47 to $48. Raymond James analyst David Lengthy maintained a Robust Purchase score.

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