Wells Fargo, mired in years of scandal, suffered declines in profit, revenue and deposits at the end of 2018.
America's third-largest bank by assets reported a 2% dip in fourth-quarter profit on Tuesday. Per-share earnings increased more than Wall Street expected.
Revenue declined 5%, which is more than analysts feared.
Wells Fargo (WFC) continues to suffer from year-over-year declines in deposits and loans even as its rivals grow these major metrics. The bank's average deposits fell by 3% to $1.3 trillion. Wells Fargo said average loans slipped by 1% to $946.3 billion.
Wall Street will be happy to see that Wells Fargo successfully cut non-interest expenses, a major sore spot in recent years. The bank has been shutting branches and laying off workers in a bid to cut costs.