Wells Fargo & Co (NYSE:WFC) has reported fourth quarter earnings slighter higher than expectations, with EPS hitting $1.00 for the quarter, above the consensus $0.98 EPS, and an increase both sequentially (from $0.99 EPS in 3Q2013) and year on year (from $0.91 in 4Q2012). Even though revenues were down to $20.7 billion from $21.9 billion last year they were still up from $20.5 billion over last quarter, and Wells Fargo & Co (NYSE:WFC) paid a quarterly dividend of $0.30 per share, up from $0.22 in 4Q2012.
WFC’s balance sheet improves
Wells Fargo & Co (NYSE:WFC)'s balance sheet also ended stronger, with both average loans and average core deposits increasing sequentially and year on year. Average retail...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
