Investing.com – Shares is Wells Fargo (NYSE:WFC) moved slightly higher in pre-market trade on Friday after reporting mixed third quarter earnings.
Wells Fargo said earnings per share came in at $1.03 in the three months ended September 30, down from $1.05 a share a year earlier, but above expectations for earnings of $1.01 a share.
The bank’s revenue totaled $22.3 billion in the third quarter, a 1.9% increase from the $22.9 billion reported in the same period in 2015, but slightly below estimates for revenue of $22.43 billion.
Traders will now turn their attention to the bank’s conference call due to start at 10:00AM ET (16:00GMT).
Following the release of the report, shares in Wells Fargo were up more than 1% in pre-market trade. However, at 8:17AM ET (12:17GMT), shares were gaining only $0.13, or 0.29% to $44.85, from Thursday’s closing price of $44.74.
Meanwhile, U.S. equity markets pointed to a higher open. The blue-chip Dow futures advanced 69 points, or 0.38%, 8:18AM ET (12:18GMT), the S&P 500 futures rose 7 points, or 0.32%, while the tech-heavy Nasdaq 100 futures gained 16 points, or 0.33%.