FT.com / In depth - Wells Fargo cheer lifts banks: "Shares in Wells Fargo, the fifth-largest US bank, leapt by more than 32 per cent on Wednesday after it reported better-than-expected second-quarter results and lifted its dividend, leading other financial stocks and broader equity markets higher."
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Here is some good news for a change. Wells Fargo is one of the top banks in housing loans, so at least somebody is surviving this meltdown. They had declining earnings for three quarters, but stayed in the black.
1 comment:
Hi! What an interesting blog! I should say that financial companies at the present time, may be very dangerous. The thing is that a large proportion of such institutions are a fraud. They are established to get money from the clients and then suddenly disappear or go bankrupt. They trick in people by offering high interest rates on the deposit accounts. It is better to give your money to a trusted company, like Wells Fargo, for example. Browse this great site www.pissedconsumer.com for customers’ reports about the company.
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