Friday, April 10, 2009

Wells Fargo out of Red?

Wells Fargo earnings surprise sends market surging

Stocks surged Thursday to their highest levels in two months after banking giant Wells Fargo & Co. surprised the market with an early profit report that blew past analysts' expectations thanks to a strong increase in its lending business.

Wells Fargo says it expects 1st-quarter profit of $3B, easily surpassing expectations

It's be a interesting week ahead with most of the banks coming out with their 1st-quarter results. This ain't a bad start and lets just hope that they have done well too.

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