Wells Fargo reports increase in 3rd quarter earnings


CHARLOTTE, N.C. - Wells Fargo released its third-quarter earnings on Friday, which shows a slight increase.

The bank is reporting net income of $4.9 billion.

The bank reported second-quarter earnings of $4.4 billion.

The new earnings are also a bump from the third quarter in 2011, which was reported as $4.1 billion.

The bank said loans and deposits are up.