Wells Fargo earnings surprise sends market surging (AP)

Posted by admin on April 11, 2009 under News | 4 Comments to Read

Wells Fargo earnings surprise sends market surging (AP)

In this photo released by the New York Stock Exchange Euronext, Larry Leibowitz, left, executive vice-president of the New York Stock Exchange Euronext, joins Kathy Ireland, chief designer and chief executive officer of Kathy Ireland Worldwide and Stephen Roseberry, president and chief operating officer of Kathy Ireland Worldwide, for the closing bell at the Exchange, Thursday, April 9, 2009. The Dow Jones industrial average jumped nearly 250 points on Thursday and major market indexes logged their fifth straight week of gains. Markets will be closed for Good Friday on April 10. (AP Photo/NYSE Euronext, Ray Girard)AP – Stocks surged Thursday to their highest levels in two months after banking giant Wells Fargo & Co. surprised the market with an early profit report that blew past analysts’ expectations thanks to a strong increase in its lending business.


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