Philly.com logo Philly.com 1 month ago

PNC up, Wells Fargo down: Why?

Wells Fargo & Co. , the fourth-largest bank in the U.S. and No. 1 in the Philadelphia area since it bought Wachovia Bank last year, reported "record" profits Wednesday. The stock fell 5%, and isn't back yet. Full Article at Philly.com

Related Topics:

  1. Wells Fargo
  2. Deutsche Bank

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Related Quotes

  1. Wells is concentrated in California real estate; PNC is more diversified, and in the Northeast Corridor
    SOURCE: Philly.com 1 month ago
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  1. David Rader of Wells Fargo, left, participates with members of the money lending industry during the Small Business Financing Forum, Wednesday, Nov. 18, 2009, at the Treasury Department in Washington. At right is Steve Steinour of Huntington Bank.
  2. NEW BRUNSWICK, NJ - MAY 28: Job seekers speak to recruiters at the Wells Fargo stand at the New Jersey Collegiate Career Day hosted by Rutgers University on May 28, 2009 in New Brunswick, New Jersey. Over 150 employers attended the fair aimed at experienced and entry level candidates.
  3. SAN FRANCISCO - MAY 04: A pedestrian walks by the Wells Fargo headquarters May 4, 2009 in San Francisco, California. Regulators have notified Wells Fargo Bank that it might need to firm up its finances after a government 'stress test' showed that the bank might not survive if the recession deepens.
  4. SAN FRANCISCO - APRIL 23: California attorney general Jerry Brown (L) speaks during a press conference where he announced a lawsuit he filed against Wells Fargo affiliates April 23, 2009 in San Francisco, California.
  5. CHICAGO - APRIL 09: A Wells Fargo sign hangs above the entrance of a Wells Fargo home mortgage office on April 9, 2009 in Chicago, Illinois. Wells Fargo & Co said it expects to post a record $3 billion first-quarter profit exceeding analysts' expectations.
  6. Bank of America CEO Ken Lewis (C) speaks to the press at the White House in Washington, DC on March 27, 2009 after a meeting of the heads of the country's largest banks with US President Barack Obama, as John Stumpf (L), CEO of Wells Fargo bank, Freddie Mac CEO John Koskinen (2nd) and Richard Dav...
  7. SAN FRANCISCO - OCTOBER 03: A pedestrian walks by a Wells Fargo bank branch October 3, 2008 in San Francisco, California.
  8. A Wachovia branch bank is shown in Manhattan on October 3, 2008.
  9. Lindsey Vonn of the United States struggles to stay upright in the first heat of the women's World Cup Slalom ski race just before skiing off the course in Aspen, Colorado November29, 2009.

Cast of Characters

  1. Wells Fargo Wells Fargo
  2. Deutsche Bank Deutsche Bank