Wells Fargo Stock Is Rising Because Earnings Topped Expectations. The ‘Cap,’ However, Remains.

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Updated Oct. 14, 2021 8:57 americium ET / Original Oct. 14, 2021 8:30 americium ET

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Wells Fargo‘s (ticker: WFC) third-quarter results bushed expectations acknowledgment to a merchandise of reserves for anticipated soured loans.

The slope posted a 59% leap successful profits from the year-ago quarter, with nett income hitting $5.1 billion, oregon $1.17 per stock for the 3rd quarter, coming successful up of the $1 per stock forecast by analysts surveyed by FactSet. Revenue totaled $18.8 billion, amended than the $18.3 cardinal analysts expected.


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