WFC - Wells Fargo Lifts Annual Interest Income Forecast As Q3 Earnings Beat Street View | Benzinga
Wells Fargo & Company (NYSE: WFC) reported Q3 net interest of $13.1 billion, up 8% Y/Y, primarily due to the impact of higher interest rates.
Q3 EPS reached $1.48, beating the consensus of $1.24 and $0.86 a year ago. Wells Fargo's profit rose in the third quarter as the U.S. lender benefited from customers paying higher interest on loans.
The bank reported Q3 revenues of $20.86 billion, up 21% Y/Y, above the consensus of $20.11 billion.
The ...