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Wells Fargo & Co Q4 Profit Rises, Beats estimates

Wells Fargo & Co (WFC) released earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $5.75 billion, or $1.38 per share. This compares with $3.09 billion, or $0.66 per share, in last year's fourth quarter.

Analysts on average 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 rose 12.8% to $20.86 billion from $18.49 billion last year.

Wells Fargo & Co earnings at a glance:

-Earnings (Q4): $5.75 Bln. vs. $3.09 Bln. last year.
-EPS (Q4): $1.38 vs. $0.66 last year.
-Analyst Estimate: $1.12
-Revenue (Q4): $20.86 Bln vs. $18.49 Bln last year.

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