Wells Fargo & Co. said Tuesday its 1994 net income jumped 37.4% to $841 million. This, combined with a $760 million stock buyback program, nearly doubled earnings per share at the San Francisco-based banking company to $4.

Return on assets for 1994 jumped to 1.62% from the 1.20% earned in 1993. Return on equity amounted to 22.41%, compared with 16.74% in 1993.

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