Want to join the conversation?
International banking and financial services holding company $WFC posted a 3.67% decline in 3Q16 earnings, hurt by higher expenses and tougher interest rate environment. Net income applicable to common stock fell 3.67% to $5.24Bil or $1.03 per share from $5.44Bil or $1.05 per share a year ago. Total revenue grew 2.07% to $22.32Bil.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.