Wells Fargo reported a decrease in provision for credit losses for the third quarter, setting aside $681 million compared to over $1 billion in previous quarters. The bank attributed this to improved credit performance and lower commercial real estate loan balances. However, net charge-offs for the quarter were $954 million, slightly lower than the previous quarter’s $997 million. Despite higher commercial and industrial, auto, and credit card loan balances, Wells Fargo’s credit performance seems to be improving overall.

Read more at Dow Jones & Company: Wells Fargo Third-Quarter Provision for Credit Losses $681 Million, Below Last Year’s $1 Billion