Wells Fargo - 3Q2015 net income of $ 5.8bn , up 1 % YoY , and reserves increased by 1 % , to $ 21.9bn . , beating estimates . (albeit it is higher than it was one year ago). Chairman and CEO , John Stumpft attributed the results to the bank 's " diversified business model " that he said allowed the bank to " generate consistent financial performance in an uneven economic environment " .
Wells Fargo - 3Q2015 net income of $ 5.8bn , up 1 % YoY , and reserves increased by 1 % , to $ 21.9bn . , beating estimates . Chairman and CEO , John Stumpft attributed the results to the bank 's " diversified business model " that he said allowed the bank to " generate consistent financial performance in an uneven economic environment " .