Wells Fargo & Co. reported net income of $5.8 billion, or $1.05 per share, for the third quarter, compared with $5.7 billion, or $1.02 per share, for the third quarter of 2014. Total average loans of $895.1 billion were up $61.9 billion, or 7 percent, from third quarter 2014. Total average deposits of $1.2 trillion were up $71.8 billion, or 6 percent, from the year-ago quarter. “Wells Fargo’s strong third-quarter results reflected the ability of our diversified business model to generate consistent financial performance in an uneven economic environment while continuing to meet our customers’ financial needs,” Chairman and CEO John Stumpf said in a release. “Compared with a year ago, we grew loans, deposits and capital, and returned more capital to shareholders through dividends and share buybacks.”