Key facts
- Wells Fargo's third-quarter profit rose to $5.95 billion.
- Earnings per share for the quarter were $1.87.
- Loan growth and higher interest income contributed to the profit increase.
Wells Fargo profit rises on robust loan growth, interest income
IN SHORT
Wells Fargo reported a third-quarter profit increase to $5.95 billion, or $1.87 per share, driven by a growing loan book and higher interest income. This marks an improvement from the $5.59 billion, or $1.66 per share, earned in the same period last year.
Key Numbers
$5.95 billionWells Fargo third-quarter net income
$1.87Wells Fargo third-quarter earnings per share
$5.59 billionWells Fargo year-ago net income
$1.66Wells Fargo year-ago earnings per share
Who's Involved
Wells Fargo
posted a third-quarter profit increase
Utkarsh Shetti
reported on the earnings
Sriraj Kalluvila
edited the report
↳ Why This Matters
The results indicate continued strength in Wells Fargo's core lending business, suggesting resilience in the banking sector despite broader economic uncertainties.