---
title: "U.S. Stock Market News | Wells Fargo rises over 3% to hit a record high, institutions maintain an outperform rating compared to the market"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/216767322.md"
description: "On Monday, Wells Fargo opened strong after shaking, rising over 3%, hitting a historical high. As of the time of publication, it rose by 3.37% to $63.04. On the news front, Wells Fargo released its third quarter report for 2024 on October 11th, with the company's operating income reaching $61.918 billion as of September 30, 2024, a year-on-year decrease of -0.32%. The net profit was $14.702 billion, with a basic earnings per share of $3.99. Evercore ISI Group maintained Wells Fargo's rating as outperforming the market, with a new target price of $71.00"
datetime: "2024-10-14T15:02:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/216767322.md)
  - [en](https://longbridge.com/en/news/216767322.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/216767322.md)
---

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# U.S. Stock Market News | Wells Fargo rises over 3% to hit a record high, institutions maintain an outperform rating compared to the market

According to the Zhitong Finance and Economics APP, on Monday, Wells Fargo (WFC.US) opened strong and rose over 3%, hitting a historical high. As of the time of writing, it was up 3.37% at $63.04. In terms of news, Wells Fargo released its third quarter report for 2024 on October 11th. As of September 30, 2024, the company's operating income was $61.918 billion, a year-on-year decrease of 0.32%, with a net profit of $14.702 billion and basic earnings per share of $3.99. Evercore ISI Group maintained Wells Fargo's rating as outperforming the market, with a new target price of $71.00

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