BofA, Wells Fargo post better results: Wells Fargo swings to profit, adding to round of improved results a year after meltdown

Bank of America Corp. reports a fourth-quarter loss of $194 million on revenue of $25 billion. Separately, Wells Fargo & Co. swung to a fourth-quarter profit of $2.82 billion, compared to a loss of $2.73 billion a year ago. Revenue soared to a record $22.7 billion.