Reports Q4 revenue $20.38B, consensus $20.58B. CEO Charlie Scharf commented, “Our solid performance this quarter caps a year of significant progress for Wells Fargo (WFC). Our earnings profile continues to improve, we are seeing the benefit from investments we are making to increase our growth and improve how we serve our customers and communities, we maintained a strong balance sheet, we returned approximately $25B of capital to shareholders, and we made significant progress on our risk and control work.”
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