Although US Bank (BAC) and Wells Fargo (WFC) reported increased quarterly and annual profits, the stock prices of major US banks, including these two, still declined. US Bank's fourth-quarter earnings per share were $0.98, beating expectations, with revenue up 7% to $28.4 billion. Wells Fargo's earnings per share were $1.62, below expectations, partly due to severance costs reducing earnings per share by $0.14; total severance costs for the quarter amounted to $612 million. Both banks achieved their highest annual net profits in four years. CEO Brian Moynihan expressed optimism about the economic outlook for 2026, but Wall Street's reaction was somewhat negative, with US Bank and Wells Fargo's stock prices falling approximately 4.9% and 4.6% respectively this year.