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(This story was generated using AI and automation, please see disclaimer ) Overview US bank's preliminary Q3 revenue rose 2% yr/yr but missed analyst expectations Company repurchased $2.5 bln of common stock in Q3 Outlook Company says economic uncertainty persists and consumer sentiment remains mixed Wells Fargo notes
Wells Fargo posted third-quarter net income of $ 5.95 billion, lifting diluted EPS 13% to $ 1.87 from a year earlier. Revenue rose 2% to $ 21.87 billion, while provision for credit losses jumped 51% to $ 1.03 billion. Average loans climbed 11% to $ 1.03 trillion and average deposits increased 11% to $ 1.48 trillion ver