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Wells Fargo & Co Bottom Line Rises 17% In Q4

Wells Fargo & Co (WFC) revealed earnings for its fourth quarter that rose from last year.

The company said its bottom line totaled $6.15 billion, or $1.16 per share. This was higher than $5.27 billion, or $0.96 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.3% to $22.1 billion. This was up from $21.6 billion last year.

Wells Fargo & Co earnings at a glance:

-Earnings (Q4): $6.15 Bln. vs. $5.27 Bln. last year.
-Earnings Growth (Y-o-Y): 16.7%
-EPS (Q4): $1.16 vs. $0.96 last year.
-EPS Growth (Y-o-Y): 20.8%
-Analysts Estimate: $1.06
-Revenue (Q4): $22.1 Bln vs. $21.6 Bln last year.
-Revenue Change (Y-o-Y): 2.3%

by RTTNews Staff Writer

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