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Wells Fargo & Co Q4 Income Declines

Wells Fargo & Co (WFC) released a profit for fourth quarter that declined from last year.

The company's profit totaled $2.55 billion, or $0.60 per share. This compares with $5.71 billion, or $1.21 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.3% to $19.86 billion from $20.98 billion last year.

Wells Fargo & Co earnings at a glance:

-Earnings (Q4): $2.55 Bln. vs. $5.71 Bln. last year.
-EPS (Q4): $0.60 vs. $1.21 last year.
-Analysts Estimate: $1.12
-Revenue (Q4): $19.86 Bln vs. $20.98 Bln last year.

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