<\/p>\n
Wells Fargo said its profit increased 9% from a year earlier in the third quarter.<\/p>\n
Net income at the bank was $5.59 billion. That amounted to $1.66 a share, above analyst estimates of $1.55. Revenue was 5% higher at $21.44 billion.<\/p>\n
It was the first full quarter Wells was free from the asset cap that the Federal Reserve put in place in 2018 as a punishment for its fake-account scandal. The Fed lifted the asset cap in early June, shortly before the second quarter ended.<\/p>\n
Wells Fargo raised its target for a key measure of profitability called return on tangible common equity to between 17% and 18%, as the bank pursues growth opportunities and is free to cut costs and use capital more efficiently. That is compared with a previous target of 15%.<\/p>\n
Chief Executive Charlie Scharf said credit performance was strong and that clients continued to spend on debit and credit cards.<\/p>\n
“While some economic uncertainty remains, the U.S. economy has been resilient,” he said.<\/p>\n
Noninterest income rose 9%, helped by jumps in investment banking and card fees. Net interest income–which reflects the difference between what banks charge on loans and pay out on deposits-was up 2%.<\/p>\n
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Wells Fargo said its profit increased 9% from a year earlier in the third quarter. Net income at the bank was $5.59 billion. That amounted to $1.66 a share, above analyst estimates of $1.55. Revenue was 5% higher at $21.44 billion. It was the first full quarter Wells was free from the asset cap that […]<\/p>\n","protected":false},"author":1,"featured_media":5020,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/10\/Wells-Fargo-4-1140x445.jpg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/10\/Wells-Fargo-4-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/10\/Wells-Fargo-4-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/10\/Wells-Fargo-4-scaled.jpg",2560,1707,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=5019"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5019\/revisions"}],"predecessor-version":[{"id":5021,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5019\/revisions\/5021"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/5020"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=5019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=5019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=5019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}