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Wells Fargo $WFC Financial Results for October-December 2021

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Wells Fargo (ticker symbol: WFC) announced on January 14, 2022, its financial results for the period October to December 2021.

Financial results for October-December 2021

EPS of $1.38 vs. forecast of $1.00.

Net sales of $20.86 billion vs. forecast of $18.61 billion.

Sales growth rate was +12.8% YoY.

Net income was $5.47 billion. Net income was $5.47 billion, compared to $2.74 billion in the same period last year.

Net interest income was $9.26 billion. Net interest income was $9.26 billion, down 1% from the same period last year.

Non-interest income was $11.59 billion. Non-interest income was $11.59 billion, up 27% from the same period last year.

Return on Assets (ROA) was 1.17%. In the same period last year, it was 0.64%.

Return on equity (ROE) was 12.8%. In the same period last year, it was 6.6%.

Tangible book value per share was $36.35. Tangible book value per share was $36.35, compared to $32.99 in the same period last year.

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