Shares of Wells Fargo were down in premarket trading following the announcement. (Get the latest quote here.)
The nation's biggest mortgage lender posted third-quarter earnings of $5.44 billion, or $1.05 per share, in the third quarter ended Sept. 30 from $5.41 billion, or $1.02 per share, a year earlier.
Revenue rose to $21.88 billion from $21.21 billion a year ago.
Wall Street had expected the fourth-biggest U.S. bank by assets to deliver quarterly earnings per share of $1.04 on $21.76 billion in revenue, according to consensus estimates from Thomson Reuters.