NEW YORK (AP) — Wells Fargo, the consumer banking giant, said its fourth-quarter profits fell slightly on Tuesday as the bank remains restrained by federal…
NEW YORK (AP) — Wells Fargo, the consumer banking giant, said its fourth-quarter profits fell slightly on Tuesday as the bank remains restrained by federal regulators, who put a tight leash on it after years of scandals and missteps.
The San Francisco-based bank said it earned a profit of $6.06 billion in the last three months of a year, or $1.21 per share. That is down from $6.15 billion, or $1.16 per share, in the same period a year earlier. The results did beat analysts’ expectations, who were looking for Wells to earn $1.
