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Wells Fargo reports 21 percent increase in Q4 profit


    CHARLOTTE, North Carolina (Reuters) - Wells Fargo & Co , the fourth-largest U.S. bank, reported a 21 percent increase in fourth-quarter profit, helped by double digit revenue growth in multiple business units and lower credit costs.

    The San Francisco-based bank said profit rose to $3.4 billion, or 61 cents a share, compared to a year-earlier profit of $2.8 billion or 8 cents a share.

    (Reporting by Joe Rauch, editing by Dave Zimmerman)