Wells Fargo: Q3 Earnings Snapshot

SAN FRANCISCO (AP) _ Wells Fargo & Co. (WFC) on Thursday reported third-quarter profit of $5.12 billion.

The bank, based in San Francisco, said it had earnings of $1.17 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.

The biggest U.S. mortgage lender posted revenue of $19.76 billion in the period. Its revenue net of interest expense was $18.83 billion, which also topped Street forecasts. Four analysts surveyed by Zacks expected $18.43 billion.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WFC at https://www.zacks.com/ap/WFC