Wells Fargo profit climbs on rising interest income
Reuters
Jan 14
Wells Fargo profit climbs on rising interest income
Jan 14 (Reuters) - Wells Fargo's WFC.N profit rose in the fourth quarter as it earned more from interest payments.
The fourth-largest U.S. lender's net income was $5.36 billion, or $1.62 per share, in the three months ended December 31, it said on Wednesday. That compares with $5.08 billion, or $1.43 per share, a year earlier.
(Reporting by Arasu Kannagi Basil and Nivedita Balu in Toronto; editing by Lananh Nguyen)
((ArasuKannagi.Basil@thomsonreuters.com;))
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.