Wells Fargo Stock Is Rising Because Earnings Topped Expectations. The ‘Cap,’ However, Remains.

3 years ago 401

This transcript is for your personal, non-commercial usage only. To bid presentation-ready copies for organisation to your colleagues, clients oregon customers sojourn http://www.djreprints.com.

https://www.barrons.com/articles/wells-fargo-stock-earnings-51634214566

Updated Oct. 14, 2021 8:57 americium ET / Original Oct. 14, 2021 8:30 americium ET

Order Reprints
Print Article

Wells Fargo‘s (ticker: WFC) third-quarter results bushed expectations acknowledgment to a merchandise of reserves for anticipated soured loans.

The slope posted a 59% leap successful profits from the year-ago quarter, with nett income hitting $5.1 billion, oregon $1.17 per stock for the 3rd quarter, coming successful up of the $1 per stock forecast by analysts surveyed by FactSet. Revenue totaled $18.8 billion, amended than the $18.3 cardinal analysts expected.

Wells...

Read Entire Article