Wells Fargo shares rise after third-quarter results top Wall Street expectations
Publishing timestamp: 2023-10-13 09:17:30
Summary
Wells Fargo reported higher-than-expected earnings and revenue for the third quarter, benefiting from higher interest rates. However, there are concerns about slowing lending activity and deteriorating charge-offs. The bank's net income rose, driven by an increase in net interest income.
Sentiment: MIXED
Tickers: WFC,
Keywords: breaking news: markets, wall street, earnings, breaking news: investing, breaking news: business, stock markets, wells fargo & co, business news, investment strategy, banks, markets,
Source: https://www.cnbc.com/2023/10/13/wells-fargo-wfc-q3-2023-earnings.html