Wells Fargo earnings climb as investment banking shines
- Wells Fargo reported better-than-expected earnings with net income of $5.1 billion, which is 47% higher than the previous year's fourth quarter figure.
- The bank's investment banking fees increased by 59% to $725 million in the fourth quarter compared to a year earlier.
- Wells Fargo expects its net interest income for 2025 to be 1% to 3% higher than the previous year's $47.7 billion.
- The bank's stock rose nearly 43% in 2024, outperforming rivals like JPMorgan and Bank of America.
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