- Third-quarter EPS of 61 cents, beating consensus estimate of 54 cents.
- Total revenue of $3.675 billion also beats.
- Investment management fees rise 7% year-over-year
Financial stocks should do well this year, despite what fourth-quarter profits show.
The S&P 500 may be ending 2016 with double-digit gains, but almost a third of the index's individual stocks are actually down this year. Here's how to avoid the laggards.
'The news flow for Wells is dramatically opposite of what the news flow was just four months ago,' TheStreet's Jim Cramer said.