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Wells Fargo (WFC) Stock Lower Despite Strong Financial Results

NEW YORK (TheStreet) -- Wells Fargo & Co. (WFC - Get Report) shares are declining 1% to $51.34 in early morning trading on Wednesday despite the bank releasing its third quarter fiscal 2015 earnings results that beat analysts' estimates.

In the latest quarter, the company earned $1.05 a share, beating analysts estimates of $1.04 a share.

Revenue came in at $21.88 billion, also beating analysts' estimates of $21.76 billion.

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In the same period the year before, the company earned $1.02 a share on revenue of...