U.S. Stock Market News | Q3 Earnings Exceed Expectations, Wells Fargo Rises Over 6%
I'm PortAI, I can summarize articles.
On Friday, Wells Fargo opened high and rose nearly 7% at one point, closing up 6.39% at $61.44 by the time of publication. On the news front, Wells Fargo announced its third-quarter financial performance. Data shows that Q3 profits exceeded analysts' expectations, as the surge in investment banking fees helped offset the decline in loan income due to falling interest rates. Revenue was $20.4 billion, slightly below the analysts' average expectation of $20.5 billion, a year-on-year decrease of 2.4%
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments