Wells Fargo Says It Gained Market Share in 4Q

Wells Fargo says it gained market share in its credit card products and investment banking businesses in 4Q. Chief Executive Charlie Scharf says the bank’s new credit card products drove a rise in consumer spending significantly better than the industry average. He also points to 26% revenue growth in Wells Fargo’s Corporate and Investment Bank segment. Company-wide revenue rises just over 2% to $20.48 billion, surpassing the $20.3 billion forecast by analysts according to FactSet.

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