Wells Fargo
Article Abstract:
Wells Fargo acquired First Interstate in early 1996. This acquisition gives Wells Fargo greater access to southern California in addition to 12 new states. Wells Fargo has been affected by costs related to the merger with First Interstate and faces the task of earnings a return for this large investment. Cost savings are being achieved from the merger and there is encouraging data on client retention from First Interstate during 1st half 1996.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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ABN Amro
Article Abstract:
ABN Amro has performed well in 1st half 1996 in both its domestic and international activities. The bank's loan growth was strong despite the Dutch economy being not especially buoyant, according to the chairman. Profit from capital markets helped foreign earnings. Profit growth may not be as robust in the second half of 1996, but the chairman forecasts a rise on the same period in 1995. Earnings forecasts for ABN Amro have been upgraded.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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