Wells Fargo Stock Rises as Earnings Beat Wall Street Forecasts

Core Insights - Bank of America reported a 23% increase in profit, indicating a strong start to the earnings season for the banking sector [1] - Wells Fargo's third-quarter earnings per share reached $1.66, surpassing analysts' expectations of $1.55, with revenue of $21.4 billion compared to the forecast of $21.1 billion [1] Financial Performance - Wells Fargo's net interest income rose by 2% year over year to $11.9 billion for the third quarter, highlighting its key performance metric [2] - The bank's shares increased by 1.6% in premarket trading following the earnings report [2]