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Thursday, October 16, 2008
MarketWatch -
, , ) reported net income for the first nine months of 2008 of $159000 or $0.09/diluted share, compared to $1060000 or $0.57/diluted share for the same time period in 2007. The largest contributing factors responsible for these results included a decline in the net interest ... -
Oct 15, 2008
The Associated Press -
NEW YORK (AP) — Wells Fargo said Wednesday its third-quarter profit fell 25 percent as it took hits on investments in troubled finance companies and increased its credit reserves, but results were better than analysts had expected. For the July-to-September period, the San ... -
Oct 15, 2008
AFP -
NEW YORK (AFP) — Wells Fargo reported Wednesday third-quarter profit fell 24 percent from a year ago to 1.64 billion dollars, but managed to beat ... -
Oct 15, 2008
Bizjournals.com, NC -
Two large national banks with significant presence in Milwaukee -- JPMorgan Chase & Co. and Wells Fargo & Co. -- reported sharp declines in third-quarter earnings Wednesday driven in part by rising provisions for credit losses. Earnings for both banks, however, exceeded ... -
Oct 15, 2008
Bizjournals.com, NC -
Wells Fargo said third quarter net income fell about 25 percent to $1.64 billion, or 49 cents a share, compared to the year-ago quarter's $2.17 billion, or 64 cents a share. San Francisco-based Wells Fargo (NYSE: WFC) reported revenue of $10.38 billion, up ... -
Oct 15, 2008
MarketWatch -
By Alistair Barr, MarketWatch SAN FRANCISCO (MarketWatch) -- Wells Fargo & Co. said Wednesday that until house prices stop falling, the bank will suffer higher losses on its $84 billion home equity portfolio. ... -
Oct 15, 2008
New York Times, United States -
By ERIC DASH JPMorgan Chase, the investment bank, reported third-quarter profit of $527 million on Wednesday, suffering a steep decline amid the turbulent ... -
Oct 15, 2008
Forbes, NY -
AP 10.15.08, 12:59 PM ET Shares of national banks mostly fell Wednesday afternoon amid a broader market decline, but Wells Fargo & Co. and JPMorgan Chase & Co. were bright spots in the sector after both reported smaller-than-expected declines in profit. Earlier Wednesday, ... -
Oct 15, 2008
Forbes, NY -
AP 10.15.08, 1:57 PM ET An analyst on Wednesday said Wells Fargo & Co.'s acquisition of Wachovia Corp. should open the door for regional banking competitors in certain parts of the country to benefit from the deal. Sandler O'Neill & Partners LP analyst ... -
Oct 15, 2008
Bizjournals.com, NC -
Wells Fargo & Co., which is buying Charlotte, NC-based Wachovia Corp. for $12.2 billion, reports a 25 percent drop in third-quarter net income. The San Francisco-based bank earned $1.64 billion, or 49 cents per diluted share, down from $2.17 billion, ...
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Oct 15, 2008
Bizjournals.com, NC -
Wells Fargo & Co. offered the best news for stockholders among Arizona’s three largest banks releasing earnings reports this month. San Francisco-based Wells (NYSE:WFC) on Wednesday reported net income of $1.64 billion, or 49 cents a share. ... -
Oct 15, 2008
Forbes, NY -
AP 10.15.08, 3:03 PM ET Wells Fargo CEO John Stumpf is telling Wachovia workers every effort will be made to retain employees following the merger of the two financial giants. Stumpf appeared with Wachovia CEO Bob Steel on Wednesday in Charlotte to discuss the ... -
Oct 15, 2008
Bizjournals.com, NC -
The Wachovia Atrium overflowed Wednesday with bank employees listening to Wells Fargo & Co. Chief Executive John Stumpf and wondering about their future. But Wachovia Corp. Chief Executive Bob Steel wasn’t among the wonderers. “There is ... -
Oct 15, 2008
Bizjournals.com, NC -
Wells Fargo & Co. Chief Executive John Stumpf issued a brief message to the San Francisco bank’s customers Tuesday, seeking to reassure them that “it’s ... -
Oct 15, 2008
CNNMoney.com -
Banks are expected to report another dismal third quarter despite decent results from JPMorgan and Wells. Still, some areas of the economy are holding up. // Uses both the shortcut for $(document).ready() // and the argument to write failsafe ... -
Oct 15, 2008
The Associated Press -
NEW YORK (AP) — In the midst of one of the nation's worst credit crises, JPMorgan Chase & Co. and Wells Fargo & Co. managed to report better-than-expected third-quarter results on Wednesday. But even two of the country's strongest banks proved they are not immune to the ... -
Oct 15, 2008
guardian.co.uk, UK -
By Elinor Comlay and Jonathan Stempel NEW YORK, Oct 15 (Reuters) - JPMorgan Chase & Co and Wells Fargo & Co posted better-than-expected earnings on Wednesday despite higher credit losses, underlining their standing as among the strongest big banks in the battered U.S. financial ... -
Oct 15, 2008
Times Online, UK -
Profits at JPMorgan Chase fell by 84 per cent in the third quarter as bad mortgages inherited through its acquisition of the failed Bear Stearns took their ... -
Oct 15, 2008
International Herald Tribune, France -
AP CHARLOTTE, North Carolina: The chief executive of Wells Fargo made no promises about job losses Wednesday when he addressed a crowd of Wachovia Corp. employees, but said he would make every effort to retain workers amid the banks' combination. "As we ... -
Wednesday, October 15, 2008
Minneapolis Star Tribune, MN -
By MIKE MEYERS, Star Tribune AP NewsAlert In another bruising day on Wall Street, Minnesota's largest bank offered unexpectedly good news on earnings but was nevertheless punished by stock traders. Wells Fargo reported a third-quarter decline in earnings compared with a ...
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