Wells Fargo reports higher fourth-quarter profit, helped by higher interest rates and cost cuts

Wells Fargo reports higher fourth-quarter profit, helped by higher interest rates and cost cuts

Wells Fargo shares fell on Friday even after fourth-quarter profit rose from last year, as the bank warned that net interest income for 2024 could be significantly lower year-on-year. Here’s what the bank reported versus what Wall Street expected, based on a survey of analysts at LSEG, formerly known as Refinitiv: ยท Revenue: $20.48 billion … Read more