SAN FRANCISCO (AP) _ Wells Fargo & Co. (WFC) on Friday reported third-quarter profit of $3.53 billion.

The San Francisco-based bank said it had earnings of 85 cents per share. Earnings, adjusted for non-recurring costs, came to $1.30 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.

The biggest U.S. mortgage lender posted revenue of $21.9 billion in the period. Its revenue net of interest expense was $19.51 billion, also topping Street forecasts. Six analysts surveyed by Zacks expected $18.72 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WFC at https://www.zacks.com/ap/WFC

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