Part of the mystery solved this dead broke cheating piece of shit is part of the money black hole the Fed is trying to fill
Wells Fargo said on Tuesday that its revenue in the fourth quarter of 2019 was $19.9 billion, falling from $21 billion in the same quarter a year ago. Diluted earnings per share (EPS) came in at $0.60 in the same three-month period, declining 50% year-on-year. Net income in the fourth quarter of 2019 was $2.9 billion, which compared to net income of $6.1 billion in the last three months of 2018. In the full-year 2019, net income was $19.5 billion on diluted EPS of $4.05. Net income fell 12.7% and diluted EPS declined 5.4% year-on-year. The bank’s revenue was reported at $85.1 billion for the entire 2019, declining 1.5% year-on-year. CEO Charlie Scharf said: “Even in my short time at the company, it is clear that our opportunities to improve our performance are substantial when we finish this work. Our cost structure is too high, and I believe there are many areas where we will be able to increase our rate of growth. ” Nick Note: This is one of the largest mortgage originates, Credit card issuers and If you have a drivers licence (even if its expired) car loans at twice what the car is with lenders.