UPDATE: Wells Fargo (WFC) Tops Q3 EPS by 1c
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Compass Point Remains Neutral on Wells Fargo (WFC) Following 3Q15 Earnings
October 14, 2015 10:32 AM EDTCompass Point reiterated a Neutral rating and $55.00 price target on Wells Fargo (NYSE: WFC) following the company's 3Q15 earnings results. WFC reported GAAP earnings of $1.05, in-line with consensus' estimates.
Analyst Jesus Bueno commented, "WFC reported GAAP earnings of $1.05, which was a penny below... More
GE loan book helps Wells Fargo report first profit rise in three quarters
October 14, 2015 8:07 AM EDTBy Richa Naidu and Rachel Chitra
(Reuters) - Wells Fargo & Co (NYSE: WFC), the biggest U.S. residential mortgage lender, reported a rise in quarterly profit for the first time in three quarters on Wednesday, helped by its purchase of commercial loans from General Electric Co (NYSE: GE).
The San Francisco lender has been using its hefty balance sheet to diversify its business as it braces for a rise in interest rates to cut into demand for home loans.
It is unclear... More
