These 5 Stocks are Gaining Today

3. Wells Fargo & Company (NYSE:WFC)

Number of Hedge Fund Holders: 83

Shares of Wells Fargo & Company (NYSE:WFC) slightly moved up before the opening bell today. The surge came despite the banking giant’s mixed financial results for the third quarter.

Wells Fargo & Company (NYSE:WFC) reported earnings of 85 cents per share, well below $1.17 per share in the year-ago period. Revenue increased to $19.5 billion, from $18.83 billion in the corresponding period of 2021. Analysts were looking for earnings of $1.09 per share on revenue of $18.77 billion.

Among other updates, Wells Fargo & Company (NYSE:WFC) said its net interest income climbed 36 percent on a year-over-year basis, driven by elevated interest rates and higher loan balances.