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Wells Fargo's Performance and Forecast
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Wells Fargo raises interest income forecast, exceeds profit estimates, and reports a decline in total deposits. The bank's shares rise after third-quarter results top Wall Street expectations, with higher net income and a provision for credit losses. Wells Fargo's stock sinks as the S&P 500 gains, with analysts revising estimates and the company's Zacks Rank being (Hold).
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How might the increase in interest income forecast impact Wells Fargo's future financial performance?
How might the revised analyst estimates and the company's Zacks Rank affect investor sentiment towards Wells Fargo?
What factors contributed to Wells Fargo's decline in total deposits and provision for credit losses?
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