Wells Fargo continued to operate on all cylinders in the most recent 4Q 2012, with Pretax Earnings of $7,221 mil, which was an increase of 19% over the $6,057 mil earned in the 4Q 2011. A key driver of this strong earnings growth was its mortgage banking revenues, which totaled $3,058 mil in the 4Q 2012, or up 30% over the 4Q 2011.
For the year 2012, Wells Fargo Pretax Earnings were $28,471 mil, up 20% over the $23,656 mil earned in annual 2011. The main driver of this very robust earnings growth was its mortgage banking revenues, which were up an exceptionally strong 49% over annual 2011.
