"Performance" Wells Fargo's fourth quarter profit increased by 5%, disappointing expectations and earnings forecast

AASTOCKS
2026.01.14 14:10

Wells Fargo (WFC.US) reported that its fourth-quarter earnings and interest income both missed analysts' expectations, with net profit increasing by 5% year-on-year to $5.36 billion, and earnings per share of $1.62, lower than the expected $1.67. Revenue grew by 4% to $21.29 billion, below expectations.

The bank had previously lowered its annual interest income forecast twice last year. It stated that net interest income for the quarter grew by 4% year-on-year to $12.3 billion, below the expected $12.46 billion.

The bank expects its interest income to be around $50 billion this year, lower than the expected $50.33 billion

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