Wells Fargo (NYSE:WFC) announce that earnings for the fourth quarter increased by 24 percent due to increased leading and better revenue. The company earned $5.09 billion, or 91 cents per share, up from $4.11 billion, or 73 cents per share, in the same period last year, beating estimates of 89 cents per share. Revenue increased by seven percent to $21.9 billion.
Shares are lower in early trading.
Rival JPMorgan Chase (NYSE:JPM) is set to release earnings on January 16th, with analysts expecting a profit of 91 cents per share.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
Launch related slideshow:
Tuesday 6/18 Insider Buying Report: CTSH
Tuesday 6/18 Insider Buying Report: PAY, XLS
Monday 6/17 Insider Buying Report: VSTM, ACG
Daily Wrap: June 18, 2013
Chevron Signs Exploration Deal With Kurdish Government
Sprint Aims to Block Clearwire Deal in Court
Analyst Moves: PXD, KR, HAIN
New Analyst Coverage: LNKD, Q, TMUS
Analyst Moves: TEX, WMB, WETF
Tuesday Sector Leaders: Agriculture & Farm Products, Entertainment
Tuesday Sector Laggards: Precious Metals, Homebuilders
Monday Sector Leaders: Vehicle Manufacturers, General Contractors & Builders
Tuesday's ETF with Unusual Volume: IWX
Tuesday's ETF Movers: AXSL, GDXJ
EWH, UGE: Big ETF Outflows
Daily Dividend Report: FITB, IVR, AMTG, SUI, USB
Daily Dividend Report: SRE, LLY, AMAT, RL, PETM
Daily Dividend Report: CHK, SRC, KCAP, ROP, CPT
Jobless Claims Fall to New Five Year Low
US Employers Add 175k in May
Jobless Claims Fall By 11,000
Weekly Market Wrap: June 14, 2013
Weekly Market Wrap: June 7, 2013
Weekly Market Wrap: May 31, 2013
Week Ahead Market Report: June 17, 2013
Week Ahead Market Report: June 10, 2013
Week Ahead Market Report: June 3, 2013