Wells Fargo & Co Earnings Buzz: Profit Rises 13 Percent

Wells Fargo & Co Earnings Buzz: Profit Rises 13 Percent

pWells Fargo & Co. (NYSE: WFC) reported third quarter net income rose to $5.32 billion, or 99 cents per share, from $4.72 billion, or 88 cents per share, a year earlier. Analysts were expecting the bank to issue 97 cents per share on revenue of $20.97 billion.ppShares of Wells Fargo fell 2.20 percent to $40.53 in morning trading.ppU.S. stocks opened flat, but managed to edge slightly higher despite continuing worries about the budget deadlock in Washington.ppThe Dow Jones industrial average rose 47.13 points or 0.31 percent, at 15,173.20. The S&P 500 gained 3.02 points or 0.18 percent, at 1,695.41. The Nasdaq Composite added 7.33 points or 0.19 percent, at 3,767.81.


User: IBTimes

Views: 64

Uploaded: 2013-10-11

Duration: 01:00

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