NEW YORK (Standard&Poor's) Jan. 11, 2013--Standard&Poor's Ratings Services today said its ratings on Wells Fargo&Co. (WFC) are unaffected by the company's strong fourth-quarter results, which were in line with our expectations. Relative to the fourth quarter of 2011, total revenues were up 7% to $21.9 billion, pretax, preprovision profit was up 12% to $9.1 billion, core loans were up 7.3% to $705 billion, average deposits were up 7% to $976 billion, net charge-offs were down to 1.05% from 1.36%, and reserve releases continued but at a lower level ($250 million versus $600 million last year). Finally, estimated Basel III Tier 1 common equity was up to 8.2% from 7.5% last year. The quarter included
