Wells Fargo (WFC) Tops Q3 EPS Views, But Investors Weary on Easing Mortgage Activity
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Price: $60.94 -0.26%
EPS Growth %: -2.4%
Financial Fact:
Other interest expense: 88M
Today's EPS Names:
SEIC, OSBC, USAP, More
EPS Growth %: -2.4%
Financial Fact:
Other interest expense: 88M
Today's EPS Names:
SEIC, OSBC, USAP, More
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Wells Fargo (NYSE: WFC) is ticking lower Friday morning following third-quarter 2012 results and outlook.
Net income rose over 19 percent to $4.9 billion, or 88 cents per share. Revs were flat at about $21.2 billion.
The Street was looking for EPS of 87 cents and revs of $21.47 billion.
Some key metrics for Wells:
Shares of Wells are down about 3 percent in early trading.
Net income rose over 19 percent to $4.9 billion, or 88 cents per share. Revs were flat at about $21.2 billion.
The Street was looking for EPS of 87 cents and revs of $21.47 billion.
Some key metrics for Wells:
- Tier 1 common ratio at 10.06 percent, from 9.34 percent last year; and
- Tier 1 common ratio under Basel III at 8.02 percent.
Shares of Wells are down about 3 percent in early trading.
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