According to CNBC, Wells Fargo shares fell 2% Tuesday after the bank reported mixed third-quarter results, and the stock was upgraded to buy-equivalent 1 from 2 with a $95 price target kept in place. Revenue rose 2% year over year to $21.9 billion, missing the $22.3 billion LSEG consensus, while earnings per share increased 13% to $1.87, topping the $1.85 estimate. The bank said net interest margin stabilized at 2.43% from the prior quarter, and the trend is expected to continue into the fourth quarter. Wells Fargo also said return on tangible common equity rose to 16.3% from 15.2% a year earlier, and it repurchased $2.5 billion of stock in the quarter. The bank kept its full-year net interest income outlook unchanged at plus or minus $50 billion, said fourth-quarter net interest income should be about $13 billion, and reiterated 2026 non-interest expenses of about $55.7 billion.