Wells Fargo (WFC) Tops Q4 EPS by 4c

Wells Fargo (NYSE: WFC) reported Q4 EPS of $0.64, $0.04 better than the analyst estimate of $0.60. Revenue for the quarter came in at $17.93 billion versus the consensus estimate of $18.13 billion.

• Consumer Banking and Lending
• Average loans of $373.9 billion, down 2%
• Average deposits of $763.2 billion, up 18%
• Commercial Banking
• Average loans of $190.9 billion, down 15%
• Average deposits of $203.6 billion, up 6%
• Corporate and Investment Banking
• Average loans of $239.8 billion, down 4%
• Average trading-related assets of $190.4 billion, down 19%
• Average deposits of $205.8 billion, down 20%
• Wealth and Investment Management
• Total client assets of $2.0 trillion, up 6%
• Average loans of $80.1 billion, up 5%
• Average deposits of $169.9 billion, up 22%
• Capital
• The Company’s Board of Directors approved an increase in the Company’s authority to repurchase common stock by an additional 500 million shares, bringing the total authorized amount to 667 million common shares
  

For earnings history and earnings-related data on Wells Fargo (WFC) click here.

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