Wells Fargo posts earnings of $1.05 a share vs. 97 cents estimate
April 11, 2014 at 08:01 AM EDT
Friday marks the unofficial start of earnings season with the first reports from the big U.S. banks, including JPMorgan and Wells Fargo. Amid a plunge in overall mortgage lending volume, Wells Fargo has looked for opportunities to stem its revenue decline by tiptoeing back into the subprime home loans again.