Wells Fargo Q1 EPS 56 cents vs 60 cents, Morgan Stanley Q1 loss 57 cents a share

Wells Fargo & Co.'s net income jumped 52% on its Wachovia acquisition, though credit reserves were boosted by $1.3 billion, mostly for higher projected losses in consumer-credit and real-estate portfolios.

LOL ! :D
 
Quote from ASusilovic:

Wells Fargo & Co.'s net income jumped 52% on its Wachovia acquisition, though credit reserves were boosted by $1.3 billion, mostly for higher projected losses in consumer-credit and real-estate portfolios.

LOL ! :D
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WFC had the smallest jump in reserves of all big banks, they are the smartest people in banking, they dodged the crisis!!
 
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