Wells Fargo has been a much stronger and more stable earner through the credit crisis and beyond. The company's operating returns on average assets have increased from 1.27% to 1.46% over the past five quarters, according to Thomson Reuters Bank Insight, and its third-quarter efficiency ratio was 57.55.
Wells Fargo had 267,000 full-time equivalent employees as of Sept. 30, and bucked the trend, with headcount increasing from 263,800 a year earlier.
-- Written by Philip van Doorn in Jupiter, Fla.
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