Wells Fargo & Co Q4 Profit Drops

Wells Fargo & Co (WFC) released earnings for fourth quarter that decreased from the same period last year

The company's bottom line came in at $2.86 billion, or $0.67 per share. This compares with $5.75 billion, or $1.38 per share, in last year's fourth quarter.

The company's revenue for the quarter fell 5.8% to $19.66 billion from $20.86 billion last year.

Wells Fargo & Co earnings at a glance (GAAP) :

-Earnings (Q4): $2.86 Bln. vs. $5.75 Bln. last year.
-EPS (Q4): $0.67 vs. $1.38 last year.
-Revenue (Q4): $19.66 Bln vs. $20.86 Bln last year.

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