Wells Fargo keeps up momentum

US bank is moving up the banking league tables

Friday 12 October 2012 at 10:22

Wells Fargo has been one of the few banks to buck the investment banking gloom, and their third quarter results published today bear that out.

The San Francisco-based bank does not break down full details of its investment banking and trading businesses in its third-quarter results, but it reported a 13% year-on-year increase in investment banking revenues for the nine month period up to September.