Wells Fargo’s earnings are over.
The San Francisco bank earned $3.45 billion, up 9% from $3.16 billion in the same quarter a year earlier. That comes out to 86 cents per share, which is in line with estimates from analysts polled by FactSet.
Last year’s profits were down due to a landmark settlement with the Consumer Financial Protection Bureau over allegations that Wells Fargo’s loan and deposit products harmed millions of customers.