Following the earnings announcement, shares of the nation's fourth-biggest bank fell in pre-market trading. (Click here to get the latest quote for Wells Fargo.)
The company reported third-quarter earnings excluding items of 88 cents a share, an increase from 72 cents per share in the year-earlier period.
Revenue rose to $21.2 billion from $19.63 billion a year ago.
Analysts had expected the bank to post earnings excluding items of 87 cents a share on $21.47 billion in revenue, according to a Thomson Reuters consensus estimate.
Wells Fargo and JPMorgan Chase are the first two major banks to report earnings in what is forecast to be one of the worst quarterly seasons for companies since late 2009.
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