Wells Fargo & Company (NYSE: WFC) expects to report record net income of approximately $3 billion for first quarter 2009, or approximately $0.55 per common share after preferred dividends, including $372 million in dividends paid to U.S. taxpayers on the U.S. Treasury’s Capital Purchase Program investment. The Company will report its financial results on April 22, 2009.
CEO John Stumpf said, "Our business momentum is strong, and we expect our operating margins to remain at the top of our peer group."
Wells Fargo said expected results include:
Total revenue of $20 billion, including another quarter of double-digit ...
This article: 489 words
Date Published: Apr 9, 2009 08:08AM
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