Wells Fargo: Q4 Earnings Snapshot

SAN FRANCISCO (AP) _ Wells Fargo & Co. (WFC) on Friday reported fourth-quarter earnings of $5.75 billion.

The bank, based in San Francisco, said it had earnings of $1.38 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.

The biggest U.S. mortgage lender posted revenue of $21.72 billion in the period. Its revenue net of interest expense was $20.86 billion, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $18.73 billion.

For the year, the company reported profit of $21.55 billion, or $4.95 per share. Revenue was reported as $78.49 billion.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WFC at https://www.zacks.com/ap/WFC

Salem News Channel Today

On-Air & Up next

  • Mark Levin
    3:00PM - 6:00PM
    Mark Levin is one of America's preeminent conservative commentators and constitutional lawyers. He's in great demand as a political and legal commentator, and has appeared on   >>
  • The Officer Tatum Show
    6:00PM - 9:00PM
    9:00PM - 10:00PM
  • The Charlie Kirk Show
    10:00PM - 12:00AM
  • Best of Mike Gallagher
    12:00AM - 2:00AM

See the Full Program Guide