Wells Fargo (NYSE:WFC) announce that earnings for the fourth quarter increased by 24 percent due to increased leading and better revenue. The company earned $5.09 billion, or 91 cents per share, up from $4.11 billion, or 73 cents per share, in the same period last year, beating estimates of 89 cents per share. Revenue increased by seven percent to $21.9 billion.
Shares are lower in early trading.
Rival JPMorgan Chase (NYSE:JPM) is set to release earnings on January 16th, with analysts expecting a profit of 91 cents per share.
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