Wells Fargo, Nio, Bank of America, Tesla & more


A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S., on Thursday, July 9, 2020.

Peter Foley | Bloomberg | Getty Images

Check out the companies making headlines midday on Wednesday:

Wells Fargo — Wells Fargo shares dropped 6% after the banking giant reported a weaker-than-expected profit for the third quarter. The company said its earnings per share came in at 42 cents and analysts polled by Refinitiv had forecast a profit of 45 cents per share. Wells Fargo’s net interest income fell by 19% to $9.368 billion from the year-earlier period.

Bank of America — The banking giant’s stock fell 5.3% on the back of a disappointing revenue figure for…


United Airlines (UAL) earnings Q3 2020

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