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Wells Fargo profit rises on higher interest income
Wells FargoWells Fargo(US:WFC) CNBC Televisionยท2025-10-14 11:07

Third quarter results just out from Wells Fargo. Leslie Picker is with us this morning going through those numbers for us. Leslie, hey, good morning, Andrew.Yeah, shares up about 3.3% in pre-market trading. Uh, the company did raise its medium-term target for return on tangible common equity to 17 to 18%. I believe that's why the shares are reacting so favorably.Uh if you recall the company has really transformed itself diversifying its revenue mix growing its feebased income uh and reducing expenses. So th ...