Tag: Wells Fargo earnings

Stocks were mixed on Friday after a flurry of U.S. banks reported upbeat earnings. The Dow Jones Industrial Average gained 0.12%, while the S&P 500 fell 0.5% and the tech-heavy Nasdaq Composite slumped by 1.2%. JPMorgan Chase, Wells Fargo, and Citigroup all posted higher profits...

Wells Fargo's profits rose in the third quarter as the bank benefitted from customers paying rising interest rates on their loan repayments. The U.S. lender reported that its net interest income climbed 8% to $13.1 billion for the three-month period ending September. Net income overall...