Wells Fargo story updated with additional information throughout.NEW YORK ( TheStreet) -- Wells Fargo ( WFC)'s fourth quarter earnings report on Tuesday proved once again why it trades at a substantial premium to rivals like Bank of America ( BAC), JPMorgan Chase ( JPM), and Citigroup ( C): it consistently makes money quarter after quarter while the kind of ups and downs you would ordinarily associate with a biotech startup. You wouldn't know we're in the middle of a housing slump by looking at Wells' numbers. Mortgage banking income increased almost 30% to $2.36 billion. Never mind that that was in line with estimates from Stifel Nicolaus analyst Christopher Mutascio. That's impressive growth given the tough times we're in.
|Wells Fargo will report fourth quarter earnings Tuesday|