Wells Fargo reports net earnings of $4.1 billion
Wells Fargo reports net earnings of $4.1 billion
Wells Fargo & Co. reported net income of $4.1 billion, or 73 cents per common share, for the fourth quarter of 2011, an increase from $3.4 billion, or 61 cents per share, for fourth quarter 2010. Revenue was $20.6 billion, up from $19.6 billion in the third quarter of 2011. Total loans were $769.6 billion at Dec. 31, up $9.5 billion from $760.1 billion at Sept. 30.
Wells Fargo & Co. reported net income of $4.1 billion, or 73 cents per common share, for the fourth quarter of 2011, an increase from $3.4 billion, or 61 cents per share, for fourth quarter 2010. Revenue was $20.6 billion, up from $19.6 billion in the third quarter of 2011. Total loans were $769.6 billion at Dec. 31, up $9.5 billion from $760.1 billion at Sept. 30.
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