Wells Fargo & Co Q3 Income Rises, Beats estimates

(RTTNews) - Wells Fargo & Co (WFC) announced a profit for its third quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $5.767 billion, or $1.48 per share. This compares with $3.592 billion, or $0.86 per share, in last year's third quarter.

Analysts on average had expected the company to earn $1.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.6% to $20.857 billion from $19.566 billion last year.

Wells Fargo & Co earnings at a glance (GAAP) :

-Earnings (Q3): $5.767 Bln. vs. $3.592 Bln. last year. -EPS (Q3): $1.48 vs. $0.86 last year. -Analyst Estimate: $1.24 -Revenue (Q3): $20.857 Bln vs. $19.566 Bln last year.