Wells Fargo & Co (WFC) Q4 Earnings Up 11%

HFA Padded
Published on
Updated on

Wells Fargo & Co (NYSE:WFC) has reported fourth quarter earnings slighter higher than expectations, with EPS hitting $1.00 for the quarter, above the consensus $0.98 EPS, and an increase both sequentially (from $0.99 EPS in 3Q2013) and year on year (from $0.91 in 4Q2012). Even though revenues were down to $20.7 billion from $21.9 billion last year they were still up from $20.5 billion over last quarter, and Wells Fargo & Co (NYSE:WFC) paid a quarterly dividend of $0.30 per share, up from $0.22 in 4Q2012. WFC’s balance sheet improves Wells Fargo & Co (NYSE:WFC)’s balance sheet also ended stronger, with both average loans and…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!