Only 1 Big-Bank Stock Reported Lower Revenue Last Quarter
All things considered, the third quarter was good to the bank industry, with revenue and earnings climbing at most of the nation's biggest banks in the three months ended Sept. 30. But there was one exception: Wells Fargo (NYSE: WFC).
The bank from San Francisco, California reported a 1.8% decline in its top line compared to the year-ago period. The bank also saw is earnings fall, with its earnings per share dropping from $1.03 in the third quarter of last year down to $0.84 in the third quarter of this year.
Data source: Third-quarter earnings releases. Chart by author.
Source: Fool.com
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