Wells Fargo's earnings aided by consumers, capital markets
Bottom line: Wells Fargo's third quarter profit jumped 9%, eclipsing analysts' expectations by a wide margin. Expert quote: "Wages have kept up with inflation for many folks, and we continue to see unemployment be quite low historically," Chief Financial Officer Mike Santomassimo said. Forward look: Wells Fargo increased its target for return on tangible common equity to 17%-18%, up from its previous 15% guidance Wells Fargo firmly beat third-quarter earnings estimates Tuesday, paced by strong growth ...