Wells Reports Dismal Q4 Earnings: Huge Earnings Miss, NIM Tumbles As Expenses Soar

Wells reported revenue and EPS which both missed estimates, with Q4 revenue sliding 5.1% to $19.9BN, below the $20.1BN estimate, while Net income of $2.9 billion and diluted EPS of $0.60 also missed estimates of $1.10.