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Friday, July 12, 2013

Wells Fargo 2Q EPS $0.98 vs. estimate of $0.93

  1. Wells Fargo 2Q Basel I Tier 1 capital ratio 12.14%
  2. Wells Fargo 2Q revenue $21.4B vs. $21.18B yr ago
  3. Wells Fargo 2Q EPS $0.98 vs. estimate of $0.93
  4. Wells Fargo 2Q net income $5.5 bln, up 19%
  5.  Wells Fargo 2Q mortgage originations $112 billion
SPY 167.54 (Last) I think we have another day of push to the 52 week high and then down we go for a short period, but for now the Bull looks strong, go with it.
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