NEW YORK (TheStreet) -- It used to be said that good commercial banks were boring.
Well, among the largest commercial banks in the U.S., Wells Fargo (WFC) is by far the most boring of the lot. And, that's a good thing.
Wells Fargo Friday reported net income of $1.01 per share vs. 98 cents per share a year earlier. Profits were up year over year for the 16th quarter in a row, based on data from FactSet. Earnings matched analysts' expectations, but investors may have been hoping for more, as Wells Fargo shares sold off Friday morning and were recently changing hands at $51.25, down 56 cents, or 1.1%.
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