Wells Fargo & Co.'s (NYSE: WFC) earnings took a hit in the third quarter, as net income dropped by 23% year over year. The San Francisco-based bank posted net income of $4.6 billion, or 92 cents in diluted earnings per share. That includes a $1.6 billion accrual for legal matters associated with improper sales practices, partially offset by a $1.1 billion gain from selling its Institutional Retirement and Trust business. Wells Fargo reported net income of $6 billion in the third quarter of 2018. Revenue…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2019/10/15/wells-fargos-third-quarter-earnings-come-in-lower.html?ana=RSS&s=article_search
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