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Wells Fargo: Q3 Earnings Snapshot
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SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Wells Fargo & Co. (WFC) on Tuesday reported third-quarter net income of $5.95 billion.

The company, based in San Francisco, said it had earnings of $1.87 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.

The bank posted revenue of $33.26 billion in the period. Its revenue net of interest expense was $21.87 billion, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $22.15 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WFC at https://www.zacks.com/ap/WFC

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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