Wells Fargo Optimistic

I found this article in the Gazette Times regarding the financial stability of the banks. Wells Fargo has an optimistic outlook after seeing some recovery in their loans. They also had a one cent return for all of their stock, when there was a projected loss of eight cents a stock.

Analysts say that it may be a stretch for Wells Fargo to already say that they are making a come back, because they still have big losses in their real estate.

A few analysts agree with Wells Fargo and say that the return on stock is proof that the banks are turning around. However not all banks are having the success that Wells Fargo. Causing most banks to be cautious about what they say the state of their banks are in.