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 were the earnings per share reported for Wells Fargo?

How much did the provision for credit losses come in at?

What was the net interest margin reported for Wells Fargo?

What is the significance of the 76% expense ratio mentioned?

What does the term 'litigation charge' refer to in the context of Wells Fargo?