Wells Fargo reported third quarter earnings that edged out expectations Friday. Shares of the scandal-plagued bank gave up most of their earlier gains to trade roughly even with Thursday's close.
The bank posted earnings of $1.03 a share, versus the estimated $1.01 a share.
Revenue came in at $22.328 billion, versus expectations of $22.21 billion, according to the consensus of analysts polled by Reuters.
The bank said total average loans came in at $957.5 billion, up $62.4 billion, or 7 percent, from the third quarter of 2015. Total average deposits of $1.3 trillion, up $62.7 billion, or 5 percent from the same period last year.
The bank has been the focus of intense criticism and multiple investigations as a result of a phony bank accounts scandal.