Market Overview

UPDATE: Wells Fargo Posts Rise In Q4 Profit

Share:
Related WFC
Benzinga's Top Upgrades
Market Update: Thursday's Mid-Day Market Movers: GM Tops Projections, Morgan Stanley On Oil; SanDisk, Inotek, Flotek, Del Frisco's And More
These 5 Financial Stocks Boast High Dividends (Investor's Business Daily)

Wells Fargo & Co (NYSE: WFC) reported a 24% rise in its fourth-quarter profit.

Wells Fargo's quarterly profit surged to $5.1 billion, or $0.91 per share, versus $4.1 billion, or $0.73 per share, in the year-earlier period.

Its revenue rose 7% to $21.9 billion. However, analysts were expecting earnings of $0.87 per share on revenue of $21.33 billion.

Wells Fargo shares dropped 0.90% to $35.08 in pre-market trading.

Posted-In: profitEarnings News

 

Related Articles (WFC)

Get Benzinga's Newsletters