1.11.2008

Banking results ... how bad will it be?

Banks' Dim 4Q Results Roll in Next Week

Excerpts:

When banks and brokerages roll out their fourth-quarter and full-year results over the next couple weeks, investors will try to figure out which are showing resilience, which are scrambling for lifelines, and when they can start buying again.

...
Robert W. Baird & Co. analysts said San Francisco-based Wells Fargo has extra cash to work with and is thus better positioned than many of its peers, but that it still faces problems in its consumer businesses. Its home equity portfolio is particularly worrisome.


Comment: Wells announces earnings on Tuesday. Next week should be interesting for investors.

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