Wells Fargo Beats As Revs Up
Wells Fargo & Company’s (NYSE:WFC) first quarter 2012 earnings of 75 cents per share were 2 cents ahead of the Zacks Consensus Estimate. Results improved from earnings per share of 73 cents in the prior quarter and 67 cents in the year-ago quarter. First quarter net income applicable to common stock came in at $4.0 [...]
Wells Fargo & Company’s (NYSE:WFC) first quarter 2012 earnings of 75 cents per share were 2 cents ahead of the Zacks Consensus Estimate. Results improved from earnings per share of 73 cents in the prior quarter and 67 cents in the year-ago quarter. First quarter net income applicable to common stock came in at $4.0 billion, up 3% sequentially and 13% year over year.
Wells Fargo’s results were primarily driven by a higher top line. The company reported a growth in mortgage banking revenue. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards