Wells Fargo's 4Q Earnings Hit by Litigation Charges

The transcript discusses Wells Fargo's financial performance, highlighting a solid earnings beat with $1.16 per share and stable loan figures at $951 billion. Despite a slight pre-market stock increase, net interest margins missed estimates. Expert analysis points to a 76% expense ratio, likely due to litigation charges related to the DOJ. The discussion also covers the bank's position as the last major US bank to settle with the DOJ, with further details expected in their 10K report.

What was Wells Fargo's earnings per share in the recent quarter?

• $1.25

• $1.20

• $1.16

• $1.10

How did Wells Fargo's net interest margins compare to analyst estimates?

• They matched estimates

• They were not reported

• They exceeded estimates

• They missed estimates

Who are the analysts providing insights in the video?

• Allison Williams and Steve Wood

• John Smith and Jane Doe

• Michael Johnson and Sarah Lee

• David Brown and Emily White

What does the 76% expense ratio indicate?

• A potential litigation charge

• A high profit margin

• An increase in loans

• A decrease in stock value

Which bank's deposit pricing is compared to Wells Fargo's in the analysis?

• Bank of America

• Citibank

• JP Morgan

• Goldman Sachs