Earnings down for Wells Fargo, declining credit losses
Posted by admin | Under Uncategorized, information, networks, profitable, tidings Wednesday Jul 21, 2010Wells Fargo, the fourth U.S. bank, on Wednesday posted a profit decline in the second quarter, but losses on commercial loans and consumer loans recede from the first quarter.
The bank reports a profit of 3.06 billion dollars (2.4 billion euros), earnings per share (EPS) of 55 cents, against $ 3.17 billion, or 57 cents a year bpa prev.
Analysts on average forecast EPS of 48 cents by Thomson Reuters consensus I / B / E / S. It was not immediately clear whether this compares to 55 cents bpa announced by Wells Fargo.