Wells Fargo’s (WFC) Q4 Earnings Beat on Higher Fee Income Posted byZacks Equity Research January 14, 2022 Leave a comment on Wells Fargo’s (WFC) Q4 Earnings Beat on Higher Fee Income Wells Fargo’s (WFC) Q4 numbers are driven by strong equity gains and asset-based fees. However, lower interest income due to lower yields on earning assets is the undermining factor.