Regulatory restrictions lifted but fail to bring strong revenue generation. Wells Fargo (WFC.US) Q3 revenue misses expectations.

Zhito Finance APP has learned that Wells Fargo (WFC.US) reported mixed third-quarter results. Q3 revenue increased by 2% year-over-year to $21.87 billion, but fell short of the market expectation of approximately $22.32 billion. GAAP earnings per share were $1.87, up 13% year-over-year, slightly above market expectations.