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Wells Fargo 3Q revenue boosted by higher interest rates

Por: ABC News Business October 14, 2022

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WASHINGTON -- Wells Fargo easily beat Wall Street's third-quarter revenue forecasts as higher interest rates helped offset a steep decline in home lending.The nation's biggest mortgage lender brought in $19.5 billion in revenue for the period, thanks to $12.1 billion in net interest income, a 36% increase from the same period a year ago.Wells earned 85 cents per share in the period, falling short of Wall Street's profit... + full article



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