Wells Fargo posted mixed quarterly results on Friday morning, as profit slightly beat expectations but sales failed to top Wall Street's estimates.
The banking giant reported fourth-quarter diluted earnings of $1.03 per share on $21.6 billion in revenue. Its net income of $5.7 billion was flat from the previous year, while sales rose 1 percent.
Analysts expected Wells Fargo to report earnings per share of $1.02 on revenue of $21.8 billion, according to a Thomson Reuters consensus estimate. Its shares fell more than 3 percent on Friday.
Wells Fargo CFO John Shrewsberry told CNBC he did not know yet how recent market volatility would affect the company. But he said business still seems stable outside of the sagging energy sector.
"We'll see what all this market turbulence means as the first quarter unfolds," he told CNBC's "Closing Bell" on Friday.