Wells Fargo Earnings Announcement Video
The Wells Fargo earnings announcement for January was just released. Below is a video analyzing the Wells Fargo earnings announcement.
Wells Fargo lost 79 cents per share in the fourth quarter of 2008. Many Wells Fargo investors were worried that the Wells Fargo dividend would be lowered. But, WFC announced that it would not lower the Wells Fargo dividend and it would remain at $.34/share. This is good news for Wells Fargo investors and dividend investors generally.
Since the announcement of the WFC earnings, Wells Fargo stock is up 30%. Earlier in the month the WFC stock price was at a low of $14.23, but as of this article the Wells Fargo stock price is $21.19. That is a pretty good rally for WFC.