Wells Fargo reported Q3/17 net income of $4.6 billion was down 18.5% from $5.6 billion for the same quarter in 2016. Revenue of $21.9 billion was down from $22.3 billion a year earlier. The bank noted third quarter 2017 included a $1 billion discrete litigations accrual for previously disclosed mortgage-related regulatory investigations.

Wells further reported:

• At September 30, 2017 commercial loan balances of $500.2 billion were up from $496.5 billion a year earlier.
• C&I (U.S.) average balances for the first nine months of 2017 were $272.6 billion, up 2.3% from $266.6 billion a year earlier. Non-U.S. C&I average balances for the nine month period were $56.5 billion, up 11.4% from $50.7 billion in 2016.
• C&I yields of 3.70% and 2.83% for the U.S. and non-U.S., respectively compared to 3.44% and 2.29% for the nine-month period ended September 30, 2016.