Wells Fargo stock (WFC) rose by over 3% in premarket trading Friday after the bank shared mixed third quarter results: $20.36 billion in revenue (just below the $20.41 billion expected) and adjusted earnings per share of $1.52 (above expectations for $1.28 per share).

On Morning Brief, Seana Smith and Brad Smith report more on the biggest takeaways from Wells Fargo's earnings figures, including its focus on fee-based revenue and the 11% decline in net interest income from this time last year.

Read more: How do banks make money?

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This post was written by Luke Carberry Mogan.