Wells Fargo earnings update with new information from conference call.
- Wells Fargo (WFC) reported a profit of $4.1 billion, or $0.72 per share, up 21% versus a year ago and 3% versus the second quarter.
- Revenues were at $19.6 billion, down slightly from last quarter's $20.4 billion.
- Analysts expected an EPS of 73 cents per share on revenues of $20.24 billion.
In its ability to grow earnings, Wells bested rival JPMorgan Chase ( JPM), which earned only slightly more than last year and less than it had done in the previous quarter. Citigroup ( C) also grew earnings while seeing revenues decline versus both last year and last quarter. -- Written by Dan Freed in New York.