Wells Fargo changes perception of banks in blink of an eye

Filed under: Company News Every major U.S. bank is rallying like mad on the heels of Wells Fargo ( WFC ) reporting that it made a profit in the first quarter. WFC shares have spiked up 23 percent to $18.50 in early trading. The financial firm said it expects to report record net income of approximately $3 billion for first quarter 2009, or approximately 55 cents 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. Continue reading Wells Fargo changes perception of banks in blink of an eye Wells Fargo changes perception of banks in blink of an eye originally appeared on Daily Finance on Thu, 09 Apr 2009 08:40:00 EST. Money.Finance|Finance|Finance

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Wells Fargo changes perception of banks in blink of an eye