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.