Wells Fargo posted fourth-quarter earnings Friday that missed on the top and bottom lines.
Its share prices initially declined nearly 1 percent but jumped at the market open, gaining as much as 2.6 percent in the first half-hour.
The San Francisco-based institution saw profit of 96 cents per share against estimates of $1 from analysts surveyed by Reuters. That represented a 6.8 percent decline from $1.03 per share from the same period in 2015. Revenue was $21.58 billion against Wall Street estimates of $22.451 billion.
