"Wells Fargo's Fourth-Quarter Profit Surges Despite Loan Loss Reserves"
TL;DR Summary
Wells Fargo reported a 9% increase in fourth-quarter profit, earning $3.45 billion, or 86 cents per share, matching analyst estimates. The rise in profit comes after a historic settlement with the Consumer Financial Protection Bureau that had impacted the bank's year-ago profits.
Topics:business#consumer-financial-protection-bureau#earnings#finance#fourth-quarter#profit#wells-fargo
- Wells Fargo Profit Rises 9% The Wall Street Journal
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- What to expect from Wells Fargo earnings Friday — and the banking sector in 2024 CNBC
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