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More on Wells Fargo (WFC) Q4 earnings: The margin squeeze continues with net interest income of...

More on Wells Fargo (WFC) Q4 earnings: The margin squeeze continues with net interest income of $249M, -2% Y/Y thanks to a 10 bp decline to 3.56% in net interest margins. Net charge-offs of 1.05% of loans vs. 1.21 in Q3 were higher than otherwise thanks to just-issued OCC guidance. Tier 1 common equity ratio of 8.18% under Basel III. 42M shares repurchased in Q4. Shares -0.8% premarket. (PR)
Comments (2)
  • rjp2020
    , contributor
    Comments (13) | Send Message
     
    That is a 60% improvement in net margin vs. last quarter. All of the other numbers are solid. Wells Fargo has positioned itself extremely well for 2013.
    11 Jan 2013, 09:08 AM Reply Like
  • pasquale
    , contributor
    Comments (59) | Send Message
     
    totally right , however all the big money is being invested in Herbalife, Amazon,. My guess is the big boys and computers are short selling this morning to drive the price down a bit, then they will buy WFC in a week or two, or a minute or two. Could we have a market where certain stocks could not be shorted. Then us retailers could let the big boys and computers play in their own arenas.
    11 Jan 2013, 09:24 AM Reply Like
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