- Wells Fargo reports fourth-quarter profit of 91 cents a share, beating the consensus estimate of 89 cents, according to data compiled by Bloomberg
- Excluding items, net income was $5.1 billion, beating an estimate of $4.82 billion.
- Net revenue came in at $21.9 billion, beating an estimate of $21.3 billion.
- Annual profits of $18.9 billion were a record for the bank.
- Net interest margin fell 10 basis points, missing some estimates.
- Core loans grew $47.7 billion versus the third quarter.
Wells Fargo Beats but Margin Pressure Continues
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