Wells Fargo earnings rise in third quarter

Wells Fargo is reporting higher earnings and revenue for the third quarter, thanks to higher fees and a rise in trading revenue.

The bank's net income applicable to common shareholders rose 23 percent to $4.72 billion from $3.84 billion in the same period a year earlier.

That amounts to 88 cents per share, a cent higher than the estimate of analysts polled by FactSet. Revenue rose 8 percent to $21.21 billion, slightly lower than analysts expected.

Wells, based in San Francisco, expanded its loan book by offering more loans to consumers. Corporate loans shrank modestly.

Wells is more confident that its loans will be repaid. It released $200 million that it had set aside earlier to cover possible loan losses.

The stock fell 2 percent in pre-market trading Friday to $34.44.

Anda sedang membaca artikel tentang

Wells Fargo earnings rise in third quarter

Dengan url

http://makananrasaenak.blogspot.com/2012/10/wells-fargo-earnings-rise-in-third.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Wells Fargo earnings rise in third quarter

namun jangan lupa untuk meletakkan link

Wells Fargo earnings rise in third quarter

sebagai sumbernya