A man walks past a Wells Fargo Bank branch on a rainy morning in Washington.
Gary Cameron | Reuters
Wells Fargo on Friday released mixed results for the fourth quarter, sending the bank’s stock lower.
Here’s how the numbers compared with Wall Street expectations:
- Earnings: 64 cents per share vs. Refinitiv estimate of 60 cents per share
- Revenue: $17.93 billion vs. $18.127 billion forecast
- Net interest income: $9.275 billion vs. $9.34 billion FactSet estimate
Shares of Wells Fargo dipped 4.7% before the opening bell.
The bank’s earnings include a $781 million restructuring charge, a $757 million reserve release due to the sale of its student-loan portfolio and a $321 million hit due to the “impact…