"Wells Fargo's Fourth-Quarter Profit Surges Despite Loan Loss Reserves"
TL;DR
Wells Fargo reported a 9% increase in fourth-quarter profit, earning $3.45 billion, or 86 cents per share, matching analyst estimates. The rise in profit comes after a historic settlement with the Consumer Financial Protection Bureau that had impacted the bank's year-ago profits.
Topics:businessfinance#consumer-financial-protection-bureau#earnings#finance#fourth-quarter#profit#wells-fargo
- Wells Fargo Profit Rises 9% The Wall Street Journal
- Wells Fargo posts higher fourth-quarter profit, helped by higher interest rates and cost cutting CNBC
- Wells Fargo set aside a lot more money for potential loan losses, stock falls MarketWatch
- Wells Fargo profit beats estimates, warns of lower interest income in 2024 Yahoo Finance
- What to expect from Wells Fargo earnings Friday — and the banking sector in 2024 CNBC
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Read on The Wall Street Journal