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Wells Fargo Shares Soar 6% on Q3 Earnings Beat: A Bright Spot in Banking

Summary by financialbuzz.com
Wells Fargo & Co. (WFC) saw its shares rise approximately 6% on Friday morning following the bank’s impressive third-quarter earnings report, which exceeded analysts’ expectations. The lender announced a net income of $5.11 billion for the quarter, down from $5.77 billion in the same period last year. However, this figure was nearly half a billion dollars above the consensus estimates compiled by Visible Alpha. While Wells Fargo’s revenue also d…
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