Wells Fargo & Co. (WFC) Reports In-Line Q3 EPS of 72c

Wells Fargo & Co. (NYSE: WFC) reported Q3 EPS of $0.72, in-line with the analyst estimate of $0.72. Revenue for the quarter came in at $19.6 billion versus the consensus estimate of $20.22 billion.

"The economic recovery has been more sluggish and uneven than anyone anticipated,” said Chairman and CEO John Stumpf. “We can’t change the economic environment, yet we have worked hard to control the variables we can – making our products and services more relevant to individuals and businesses, focusing on the customer, making as many loans as possible and growing new relationships – as well as fostering longtime ones. We see the results of this focus in growing cross-sell, deposits, and loans. Customers need a trusted financial partner, especially in challenging economic times. Wells Fargo has proven to be that partner over and over again."

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