Wells Fargo: This earnings season is "one of the weakest EPS season starts in history," with most companies missing expectations

Zhitong Finance APP has learned that Wells Fargo stated that the current U.S. earnings season has gotten off to a weak start. In a note to clients, the analyst team led by the firm's Chief Equity Strategist Ohsung Kwon wrote that only about a week into the third-quarter earnings season, the earnings per share of companies that have reported results came in 0.3% below the consensus analyst estimate.