Wells Fargo & Company reported diluted earnings per common share of $1.02 for third quarter 2004, compared with $.92 in third quarter 2003, up 11 percent. Net income was $1.75 billion, up 12 percent from $1.56 billion in third quarter 2003. For the first nine months of 2004, net income was $5.23 billion, up 14 percent from the first nine months of 2003, and diluted earnings per share were $3.05, up 13 percent from the first nine months of 2003.

“This was our twelfth consecutive quarter of double-digit earnings per share growth,” said Chairman and CEO Dick Kovacevich. “We continued to invest for the ‘Next Stage’ of our success at a rate unprecedented in our company’s history.”.