U.S stocks close in green on cheerful earnings

Posted 24/10/10
The world's leading economy saw its shares closing in green today as cheerfulness was spread across the stocks markets after that the third quarter financial results posted at Boeing Co. and Yahoo! Inc came out cheerful and higher-than-estimated, indicating clearly that the recovery did not strongly affect the performance of huge corporations of the country while it is speculated that the Federal Reserve will inject more money into the economy.   Indices performance came as follows:   The Dow Jones Industrial Average index gained 129.35 points or 1.18% to close at 11107.97 levels, the index reached the highest point at 11152.88 and the lowest point at 10970.89, By closing 27 shares inclined while 3 shares declined. The index added and slashed points based on the performance of the upcoming stocks; the stocks adding the most points to the index were Boeing Co stock as it inclined $2.31 or 3.35% to add 17.48 points and close at $71.36, then came Caterpillar Inc share as it inclined...
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Wells Fargo & Co financial results

Posted 24/10/10
Wells Fargo & Company reported today its third quarter earnings for the year 2010 where managed to beat analysts' estimations by reporting better than expected diluted earnings per share at $0.60. The company reported total revenues of $20.87 lower than both previous quarter of $21.39 Billion and year earlier quarter of $22.47 Billion, yet the company managed to record net income of $3.34 or $0.60 diluted earnings per share which is higher than both prior and year earlier quarters' net income, and also higher than the estimated $0.564 diluted earnings per share. Wells Fargo & Company's Tier 1 Capital ratio is 10.9% higher than year earlier of 10.6% and quarter earlier of 10.5%, while its Tier 1 Common Equity ratio is 8.0% higher than year earlier of 5.2% and quarter earlier of 7.6% while its current Price/Earnings stands at 10.36.
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