Wells Fargo's Q3 Results Burdened By Shrinking Interest Margins

While interest margins are expected to shrink further over coming quarters until the Federal Reserve raises benchmark rates, what stood out in Wells Fargo's Q3 results was the magnitude of the fall this time around. The 9 basis point reduction over the quarter was largely unexpected. So even though the bank churned out record deposit service fees and brokerage fees in Q3, and also saw a notable improvement in mortgage origination revenues for the period, concerns about the interest margin took p...