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Reuters Right Now: Wells Fargo posts solid results

Friday, 11 Jan, 2013 - 00:55

Jan 11 - Reuters Financial Services Editor Dan Wilchins says while Wells Fargo's fourth-quarter earnings were solid, the decline in mortgage applications and originations could be a worry in quarters to come.

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Wells further thoughts came out today and they were pretty solid the company earned about five point one billion dollars. And to. Earnings per share were 91 cents compared with net after just missed it being nine cents to they need they beat expectations. There's a lot to like in this report return on assets that that 21 basis points. And return on equity after that one and a half a percentage points -- There their systems signs that that things aren't great err I mean that the future quarters could be a little worse. Mortgage applications declined. Mortgage originations declined from for a third quarter. And and an interest margins continued shrinking although that part of the shrinking list because of increased deposits from customers. But he's obviously a sign of how strong they are so. Solid results -- some things to make this a little over a little worried about that the future that they've been on the oval was artist doing okay.

Reuters Right Now: Wells Fargo posts solid results

Friday, 11 Jan, 2013 - 00:55

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