Wells Fargo's stock falls as profit only matches expectations and credit-loss provisions jump

Shares of Wells Fargo & Co. WFC, -0.08% dropped 1.8% toward a one-month low after the California-based bank reported fourth-quarter profit that just matched expectations and credit-loss provisions climbed, while revenue rose above forecasts. Net income rose to $3.45 billion, or 86 cents a share, from $3.16 billion, or 75 cents a share, in the year-ago period. The FactSet consensus for earnings per share was 86 cents. Revenue grew 2.2% to $20.48 billion, above the FactSet consensus of $20.30 billion. Provis ...