From USA Today
Wells Fargo said Tuesday that its income rose 20% in the fourth quarter from a year ago as its lending business improved, deposits grew and its mortgage business steadied.
Here's the link to Wells Fargo's press release
. Based on the table on page 2, average core deposits grew 3.36% in Q4 and 8.82% for the year. Average loans also grew, but not by as much: 1.87% for Q4 and 1.98% for the year. So most of the loan growth was in Q4, and a sizable amount of the deposit growth was also in Q4. For upward deposit rate pressures, we want to see large loan growth and shrinking deposits. I think we still have a way to go before we see that.