Wells Fargo Net Income Unchanged as Revenue Climbs Less Than 1%

  • Lender's net interest margin slides 4 basis points to 2.92%
  • Mortgage-banking revenue increases 9.6% to $1.66 billion

What to Expect for Fourth Quarter Bank Earnings

Wells Fargo & Co., the world’s largest bank by market value, posted fourth-quarter profit that was unchanged from a year earlier as revenue increased less than 1 percent and lending margins missed some analysts expectations. The shares declined.

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