Wells Fargo expects $3 billion in earnings
Wells Fargo & Co
Highlights:
* Expects record first quarter earnings of approximately $3 billion
* Sees Q1 2009 earnings per share about $0.55 including items
* Says expected results include total revenue of $20 billion
* Says wachovia acquisition exceeding expectations
* Sees qtrly combined net charge-offs of $3.3 billion
* Rpt-wells fargo & co
dividends
* Says tce ratio expected to increase in Q1
* Says tce expected to be above 3.1 percent of tangible assets at March 31,
2009
* Says reconfirming $5 billion of expected annual merger-related expense
savings
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