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Wells Fargo Tops Forecasts with $5.8B Q4 Profits

Wells Fargo Tops Forecasts with $5.8B Q4 Profits

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Wells Fargo posted fourth-quarter net income of $5.8 billion on Friday (Jan. 14), an 86% increase over last year’s $3.09 billion, according to the bank’s earnings report. Revenue of $20.9 billion beat forecasts of $18.8 billion, per Refinitiv data, and earnings per share of $1.25 topped the consensus estimate of $18.824 billion.

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