Wells Fargo reports third-quarter results in wake...

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Wells Fargo & Co. (NYSE:WFC) reports third-quarter net income of $5.6 billion or $1.03 per diluted share Friday. That compares with $5.8 billion in the third quarter of 2015 and $5.6 billion in the second quarter of this year. John Shrewsberry, the San Francisco-based bank’s chief financial officer, said in a statement that expenses increased from the second quarter. “We will continue to monitor impacts from the recent sales practice settlements to our business activity levels,” Shrewsberry…