Shares of Wells Fargo & Company (WFC) are falling more than 4% Friday morning after the company reported lower revenue in the fourth quarter, below analysts' view.
Quarterly revenue declined to $19.66 billion from $20.856 billion last year. The consensus estimate of 17 analysts polled by Thomson-Reuters stood at $19.98 billion.
Net interest income rose to $13.433 billion from $9.262 billion a year ago, but non-interest income declined to 6.227 billion from $11.594 billion last year.
Profit in the fourth quarter declined to $2.864 billion or $0.67 per share from $5.75 billion or $1.38 per share in the same quarter a year ago. Analysts were expecting earnings of $0.66 per share.
WFC, currently at $41.05, has traded in the range of $36.54- $60.30 in the last 1 year.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.