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of $3.24 billion, or 56 cents a share, blew out of the water analysts expectations of $1.6 billion, or 35 to 36 cents per share. The bank raked in $22.5 billion, compared with the $21.63 billion expected by analysts. Full Article at DealScape
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Week by week we continue to see Wells Fargo kicking itself over Wachovia assets that it absorbed when it merged with Wachovia. . . Full Article at The Business Insider
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What follows is a roundup of corporate earnings reports for Wednesday, Oct. 21. Some of the suprises before the bell included Wells Fargo, Morgan Stanley and Eli Lilly. Highlights after the bell include Amgen, Logitech and Ebay. Full Article at CNBC
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U.S. stock futures pointed to a second straight day of declines, as a wave of earnings rolled in and with an assessment of the economy from the Federal Reserve to come. See Indications. Full Article at MarketWatch
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Boeing (BA Quote) posted a third-quarter net loss of $1.56 billion, or $2.23 a share, swinging from a year-ago profit of 96 cents a share. Analysts were looking for a loss of $2.12 a share, according to Thomson Reuters. Full Article at The Street
