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UPDATE: Wells Fargo Posts Rise In Q4 Profit

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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

 

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