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Revenue was $20.98 billion, falling short of the $21.73 billion estimate.
The bank had a profit of $6.15 billion, or $1.16 per share in the year ago quarter.
Year ago revenue was $22.1 billion.
Profit at Wells Fargo's community banking business fell to $3.17 billion from the $3.47 billion it earned a tear ago.
Wells Fargo has been working to move past a sales-practices scandal that erupted in its retail bank in September 2016. Since then, the San Francisco-based bank has disclosed an array of problems throughout its business lines, according to Reuters.
The bank in December agreed to pay $575 million to all 50 states and the District of Columbia to settle claims that its retail-banking sales practices and improper auto-loan and mortgage charges harmed customers.
In the third quarter, Wells Fargo reported an adjusted profit of $1.13 per share on revenue of $21.9 billion.