JPMorgan Downgrades Wells Fargo (WFC) to Neutral
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Wells Fargo & Co. (WFC) Reports In-Line Q2 EPS of $1.01
July 11, 2014 8:00 AM EDT(Updated - July 11, 2014 8:04 AM EDT)
Wells Fargo & Co. (NYSE: WFC) reported Q2 EPS of $1.01, in-line with the analyst estimate of $1.01. Revenue for the quarter was $21.1 billion, versus the consensus of $20.8 billion.
Quarterly highlights:
Strong loan and deposit growth:Total average loans of $831.0 billion, up $32.7 billion, or 4 percent, from second quarter 20131Quarter-end loans of $828.9 billion, up $29.1 billion, or 4 percent1Quarter-end core loans of $763.6 billion, up $51.3 billion, or 7 percentTotal average deposits of $1.1 trillion, up $91.7 billion, or 9... More