SAN FRANCISCO, Jan. 15 (Xinhua) -- Multinational financial services company Wells Fargo & Company on Friday reported a net income of 2.99 billion U.S. dollars for the fourth quarter of 2020, compared with 2.87 billion dollars for the same period of the previous year.
The company's total quarterly revenue counts 17.93 billion U.S. dollars, decreasing 5 percent compared to the fourth quarter of 2019. Its net interest income decreased 17 percent, primarily due to the impact of lower interest rates, according to the report.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
