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Earnings Analysis: 
Wells Fargo First-quarter Profit Rises 11%
Author: 123jump.com Staff
123jump.com
Last Update: 1:09 PM EDT April 17 2007



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Universal Forest first-quarter profit tumbled 78% on a drop in revenue. Northern Trust first-quarter profit rose 15%, as the company reported growth in assets, customers and better performance by the stock market compared with a year ago. U.S. Bancorp said its first-quarter profit declined 2% as it paid out more in interest and bought back more of its shares. Wells Fargo net income rose 11% thanks to strong growth in commercial loans and core deposits divisions.

 

 

 

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