Wednesday, July 16, 2008

Wells Fargo raises it's dividend

From .31 to .34 and reports .53 of earnings versus .50 estimates.

WFC was criticized by the shorts for extending the duration of loans before they were "non performing."

But with the expansion of their net interest margin it won't matter.

And it looks like we could have the start of the making of the bottom in the financials.

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