The Executive

The Executive Gateway: News, Life, Work - It All Starts Here

0 notes &

Stocks fell on Friday after revenue from Wells Fargo (WFC.N) disappointed investors, offsetting a jump in consumer sentiment to a five-year high. Wells Fargo (WFC.N), the biggest U.S. home lender, lost 3.3 percent to $34.03 after its total quarterly revenue of $21.2 billion missed analysts’ forecasts. That shortfall prompted investors to sell other bank shares, in spite of a record quarterly profit reported on Friday by JPMorgan Chase & Co (JPM.N). Shares of JPMorgan slid 1 percent to $41.68. http://www.reuters.com/article/2012/10/12/us-markets-stocks-idUSBRE89708R20121012

Stocks fell on Friday after revenue from Wells Fargo (WFC.N) disappointed investors, offsetting a jump in consumer sentiment to a five-year high.

Wells Fargo (WFC.N), the biggest U.S. home lender, lost 3.3 percent to $34.03 after its total quarterly revenue of $21.2 billion missed analysts’ forecasts. That shortfall prompted investors to sell other bank shares, in spite of a record quarterly profit reported on Friday by JPMorgan Chase & Co (JPM.N). Shares of JPMorgan slid 1 percent to $41.68.

http://www.reuters.com/article/2012/10/12/us-markets-stocks-idUSBRE89708R20121012