Thursday, April 9, 2009

Wells Fargo Record Profit

Equities will open strong this morning due in no small part to Wells Fargo's (WFC 14.89) record $3 billion in earnings. This surprised the analyst community and will likely shock Washington as well. They will likely step in and take some of those profits away from Wells since it is unfair to produce such an obscene profit.

WFC is indicating near $20, up 30%.


Are financials telling us something?

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