Wells Fargo WFC Q3 2023 earnings


A Wells Fargo customer uses the ATM at a branch in San Bruno, California, on Aug. 8, 2023.

Justin Sullivan | Getty Images

Wells Fargo on Friday surpassed Wall Street expectations for third-quarter earnings and revenue as the benefit from higher interest rates offset slowing lending activity.

Shares of the bank rose 3.1% following the report.

Wells Fargo posted earnings per share of $1.48 in the quarter, or $1.39 excluding discrete tax benefits. It was unclear what the exact comparable number was to Wall Street’s expectations, but both figures are higher than the LSEG consensus EPS of $1.24. The earnings are also significantly higher than the 86 cents per share earned in the same quarter a…

Source cnbc.com

0 0 votes
Article Rating

Philadelphia Fed President Harker advocates holding interest rates ‘where they are’

Previous article

U.S. can ‘certainly’ afford military support to both Israel and Ukraine, Janet Yellen says

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings