---
title: "U.S. Stock Market News | Q3 Earnings Exceed Expectations, Wells Fargo Rises Over 6%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/216587368.md"
description: "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%"
datetime: "2024-10-11T14:47:03.000Z"
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  - [zh-CN](https://longbridge.com/zh-CN/news/216587368.md)
  - [en](https://longbridge.com/en/news/216587368.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/216587368.md)
---

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# U.S. Stock Market News | Q3 Earnings Exceed Expectations, Wells Fargo Rises Over 6%

According to the Zhitong Finance and Economics APP, on Friday, Wells Fargo (WFC.US) opened high and rose nearly 7% at one point, and as of the time of publication, it had risen by 6.39% to $61.44. On the news front, Wells Fargo announced its third-quarter financial performance. The 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%

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