More on Wells Fargo (WFC): Weak revenue is likely the result of sliding net interest margin -...

|About: Wells Fargo & Co. (WFC)|By:, SA News Editor

More on Wells Fargo (WFC): Weak revenue is likely the result of sliding net interest margin - down 25 basis points to 3.66%. Total loans grew just under 1% sequentially. Noninterest expense off $285M to $12.1B. Net loan charge-offs rise to 1.21% of loans from 1.15% in Q2. Nonperforming assets rise to 3.23% of loans from 3.21% in Q2. $800M gain (16% of net income) booked from reserve release. Shares -2.8% premarket. (PR)