1Q11 Quarterly Supplement Wells Fargo Form

Instructions and help about 1Q11 Quarterly Supplement Wells Fargo

Awesome Wells Fargo numbers for you. Revenue coming at a 20.86 billion. The estimate, 20.16 billion USD should not be working through some of these numbers. Charlie, your thoughts? Yeah, I mean, we knew this was going to be a tougher quarter. And to the point that you're making here, they're just above estimates on revenue figures. That is a good sign because we're looking at things to hold up higher net interest income coming in at $13 billion. That is above estimates as well, which shows you that Wells Fargo is lending into this environment. They are capturing that a benefit of higher interest rates. The efficiency is still above 60%. Now, that efficiency number is an important one to keep a handle on because we're looking at job forces coming across these banks and what it looks like in a very pressured profitability environment. These also have large real estate footprint. So when you look at Wells Fargo and Citigroup and JPMorgan, so they may want to get a handle on that as the mo