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Wells Fargo

(WFC) - Get Wells Fargo & Company Report

reported earnings of 64 cents a diluted share for the third quarter, in line with the

First Call/Thomson Financial

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estimate and seven cents better than last year's 57 cents a share.

The company earned $1.07 billion in the third quarter, compared with $962 million in the year-ago period.

Wells Fargo also said it expects to meet its cash earnings per share target of $2.91 for the year. Cash earnings exclude goodwill and nonqualifying core deposit intangible amortization and balances.