Wells Fargo Reports 11% Drop in Net Interest Income Amid Mixed Q3 Results

Reported about 5 hours ago

Wells Fargo's third-quarter earnings revealed mixed results with $20.36 billion in revenue, slightly below expectations, and adjusted earnings per share of $1.52, surpassing forecasts. However, the bank experienced an 11% decline in net interest income compared to the previous year, prompting a 3% increase in its stock during premarket trading.

Source: YAHOO

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