Wells Fargo (WFC) Earnings Q4 2010

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View WFC Q4 Earnings Report

Highlights:

  • Record net income of $3.4 billion for 4Q 2010, up 21 percent from prior year
  • Fourth quarter revenue of $21.5 billion, up 12 percent (annualized) from prior quarter 
  • For 4Q 2010, net interest margin of 4.16 percent, return on assets of 1.09 percent (annualized) and return on equity of 10.95 percent (annualized) 
  • Record net income of $12.4 billion for full-year 2010; revenue of $85.2 billion 
  • Total loans up $3.6 billion, or 2 percent (annualized), from Sept. 30, 2010; non-strategic/liquidating loans down $6.0 billion, all other loans up $9.6 billion from Sept. 30, 2010 
  • Net loan charge-offs declined to $3.8 billion, 29 percent below fourth quarter 2009 peak 
  • Nonperforming assets declined to $32.4 billion and nonperforming loans declined to $26.2 billion
  • Completed second year of Wachovia integration; merger on track and exceeding original expectations

Earnings estimates from TheStreet.com

Key statistics for WFC from Yahoo! Finance

See how WFC is performing right now

Wells Fargo's website

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