Wells Fargo FTW

[ArmorForZzZzZ]

http://www.cnbc.com/id/30133484
(http://online.wsj.com/article/BT-CO-20090409-707762.html)

[bluecrunchy]

Well, it's a step in the right direction at least.

[wrppdarndyrfngr]

holy crap. $3 bllion in profit and $20 billion in revenue.

they still have $3.3 billion in uncollectable loans though

[asmolitor]

first citigroup, now wells fargo. if only every bank could come out with surprisingly strong numbers, but then again, maybe every bank should just buy a wachovia or two to boost their business using the wells fargo model.

[loveisdead]

This is gonna be huge for the markets this week. Hopefully we'll make up the damage done on Monday and Tuesday.

[asmolitor]

well, today's the last day of the trading week because of the good friday/passover/easter weekend. and next tuesday, goldman sachs reports, i believe, which could extend or throw a wrench in the current run.

[loveisdead]

Ah good call I forgot that there isnt trading tomorrow. Let's cross our fingers for Goldman sachs.

[open mind]

i hate wells fargo.