18.01.2012 - U.S: Housing market's recovery still unclear: Wells CFO
The housing market is improving but it's not clear whether it has hit its low yet, Wells Fargo Chief Financial Officer Timothy Sloan told CNBC. Unlike JPMorgan Chase CEO Jamie Dimon, who told CNBC last week the housing market has bottomed out, Sloan said "It's not clear" whether that has happened but "I hope that is the case." Earlier Tuesday, Wells reported earnings that beat expectations on lower loan losses...............................................Full Article: Source
Print