Overcame a drop in revenue to report profits of 5. 3 billion. Mortgage originations were way off, down 58 as refinancing basically dried up but profits were helped by stronger lending overall, Securities Trading and lower loan loss reserves. Still, investors pushed down the stock of the nations most valuable bank. It closed about a half percent lower as analyst pointed to rising ex spen rising expenses. A look at the banks that may post earnings next week. Reporter wells fargo reported profits that matched and sales that beat analyst expectations. Many investors Pay Attention to the Earnings Report because it shows the health of the real estate market. Wells fargo is so big it makes an estimated one out of every six home loans in america. It made more loans than the previous quarter but less than the same tyime last year when Interest Rates at low levels led to a huge wave of mortgage refinancing. Chief Financial Officer thinks americans arent as enthusiastic about buying homes as in t
Report profits of 5. 3 billion. Mortgage originations were way off, down 58 as refinancing basically dried up but profits were helped by stronger lending overall, Securities Trading and lower loan loss reserves. Still, investors pushed down the stock of the nations most valuable bank. It closed about a half percent lower as analyst pointed to rising ex spen rising expenses. A look at the banks that may post earnings next week. Reporter wells fargo reported profits that matched and sales that beat analyst expectations. Many investors Pay Attention to the Earnings Report because it shows the health of the real estate market. Wells fargo is so big it makes an estimated one out of every six home loans in america. It made more loans than the previous quarter but less than the same tyime last year when Interest Rates at low levels led to a huge wave of mortgage refinancing. Chief Financial Officer thinks americans arent as enthusiastic about buying homes as in the past. What is Holding Peopl
Overcame a drop in revenue to report profits of 5. 3 billion. Mortgage originations were way off, down 58 as refinancing basically dried up but profits were helped by stronger lending overall, Securities Trading and lower loan loss reserves. Still, investors pushed down the stock of the nations most valuable bank. It closed about a half percent lower as analyst pointed to rising ex spen rising expenses. A look at the banks that may post earnings next week. Reporter wells fargo reported profits that matched and sales that beat analyst expectations. Many investors Pay Attention to the Earnings Report because it shows the health of the real estate market. Wells fargo is so big it makes an estimated one out of every six home loans in america. It made more loans than the previous quarter but less than the same tyime last year when Interest Rates at low levels led to a huge wave of mortgage refinancing. Chief Financial Officer thinks americans arent as enthusiastic about buying homes as in t
Im sue herrera in for susie gharib. Im tyler mathisen, welcome everyone. The talk today may have been soon to debut twitter but once again the dow proved its not a quitter. An alltime closing high, the 3 33rd of the year, more than a months worth of closing high. More Economic News to drive stocks but positive data out of europe didnt hurt. Microsoft helped too. A different story at nasdaq. The electric car maker tesla fell nearly 15 after yesterdays Earnings Report and forecast. Here is a look at todays closing numbers,c the dow up 1 points ending the day at 15,746 and the nasdaq lost act eight points and the s p 500 up seven. One point away from its own record closing high. Well, with the dow at a record, whats the one thing that could derail the rally . We will ask top Market Strategist joe duran what concerns him the most later in the program. Its almost here, the initial public Stock Offering for twitter. The most highly anticipated ipo of the year and a micro Blogging Service wi
Im sue herrera in for susie gharib. Im tyler mathisen, welcome everyone. The talk today may have been soon to debut twitter but once again the dow proved its not a quitter. An alltime closing high, the 3 33rd of the year, more than a months worth of closing high. More Economic News to drive stocks but positive data out of europe didnt hurt. Microsoft helped too. A different story at nasdaq. The electric car maker tesla fell nearly 15 after yesterdays Earnings Report and forecast. Here is a look at todays closing numbers,c the dow up 1 points ending the day at 15,746 and the nasdaq lost act eight points and the s p 500 up seven. One point away from its own record closing high. Well, with the dow at a record, whats the one thing that could derail the rally . We will ask top Market Strategist joe duran what concerns him the most later in the program. Its almost here, the initial public Stock Offering for twitter. The most highly anticipated ipo of the year and a micro Blogging Service wi