Third-quarter earnings for big banks Wells Fargo, JPMorgan Chase and Citigroup Inc. surpassed investor expectations on Tuesday, marking Wall Street’s resilience during fickle economic times.

Wells Fargo’s revenue for Q3 2025 reached $21.43 billion, compared to an expected $21.14 billion. As a result, the company’s stock surged 7.51% and closed at $82.08 in pre-market trading.

“Revenue increased 5% from a year ago with growth in both net interest income and strong fee-based revenue,” CEO Charlie Scharf told investors during Tuesday’s earnings call. 

Wells Fargo’s earnings release also noted that, effective Tuesday, Scharf was appointed as the company’s details ⇒

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