Revenue for the fourth quarter of 2011 was US$3.06 billion, a slight increase compared to US$3.04 billion posted in the parallel quarter of 2010.

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Wells Fargo said client assets handled by its wealth management business fell 2% in the fourth quarter, compared to the end of 2010. And total client assets in all its wealth, brokerage and retirement businesses fell 3%, to US$1.3 trillion.

For all its lines of business, the bank reported net income of US$4.1 billion in the fourth quarter of 2011, up 20% compared with US$3.4 billion in the fourth quarter of 2010.

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