Wells Fargo''s Return On Capital Employed Insights
Pulled from Benzinga Pro data, Wells Fargo (NYSE: WFC ) posted Q2 earnings of $2.95 billion, an increase from Q1 of 22.36%. Sales dropped to $17.03 billion, a 3.21% decrease between quarters. Wells Fargo earned $3.80 billion, and sales totaled $17.59 billion in Q1. What Is Return On Capital Employed? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company''s ROCE. A higher ROCE is generally representative of successful growth of a company and … Full story available on Benzinga.com
Wells Fargo''s Return On Capital Employed Insights
Pulled from Benzinga Pro data, Wells Fargo (NYSE: WFC ) posted Q2 earnings of $2.95 billion, an increase from Q1 of 22.36%. Sales dropped to $17.03 billion, a 3.21% decrease between quarters. Wells Fargo earned $3.80 billion, and sales totaled $17.59 billion in Q1. What Is Return On Capital Employed? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company''s ROCE. A higher ROCE is generally representative of successful growth of a company and … Full story available on Benzinga.com