Wells Fargo posts $3 billion in Q4 2020 net earnings
Wells Fargo, the nation’s second-biggest mortgage lender, said that its financial performance improved in the fourth quarter – despite the ongoing impact of the coronavirus pandemic. The bank originated $53.9 billion of residential mortgages in a white-hot Q4, a year-over-year decline of 12.5%, according to its earnings report released Friday. Its rival, JPMorgan Chase, reported … [Read more…]