This is unbelievable..no wait, it makes PERFECT sense in today's world of illusions.
I am posting two separate items of interest regarding the Wells Fargo "profit."
Wells Fargo sees record first-quarter profit
Results to exceed estimates as charge-offs, provisions below previous quarter
NEW YORK (MarketWatch) -- Wells Fargo & Co. said Thursday that first-quarter earnings will surge to a record $3 billion, well ahead of analyst forecasts, as loan losses and provisions dropped from the previous difficult quarter and its mortgage business thrived.
Wells Fargo 'Profit' - People Have Short Memories
"Wells Fargo projects record $3 billion 1Q profit" - or have investors forgotten about the $25 billion bailout the bank received? Not that it mattered; markets have taken this as a positive and pushed an early 3% gain. WFC gapped well over resistance and although down from its open is nicely positioned to challenge $21.45 resistance.
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:rolleyes:
I am posting two separate items of interest regarding the Wells Fargo "profit."
Wells Fargo sees record first-quarter profit
Results to exceed estimates as charge-offs, provisions below previous quarter
NEW YORK (MarketWatch) -- Wells Fargo & Co. said Thursday that first-quarter earnings will surge to a record $3 billion, well ahead of analyst forecasts, as loan losses and provisions dropped from the previous difficult quarter and its mortgage business thrived.
Wells Fargo 'Profit' - People Have Short Memories
"Wells Fargo projects record $3 billion 1Q profit" - or have investors forgotten about the $25 billion bailout the bank received? Not that it mattered; markets have taken this as a positive and pushed an early 3% gain. WFC gapped well over resistance and although down from its open is nicely positioned to challenge $21.45 resistance.
************
:rolleyes:
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