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Upbeat results from Wells Fargo & Co were expected to help US stocks rise on Friday, as markets recovered after concerns about the Portuguese banking sector hit sentiment the previous session.

Wells Fargo & Company has reported a decrease in net income from the prior quarter, but the company's return on assets of 1.47% still remains very strong, according to Fitch Ratings.

Instant, Distortion-Free 360A Views & Immersive Communications Heading For Next... )--Wells Fargo & Company has reported a decrease in net income from the prior quarter, but the company's return on assets of 1.47% still remains very strong, ... )--CompaA A a de Minas Buenaventura S.A.A. , Peru's largest publicly traded, precious metals mining ... (more)

U.S. stocks rose slightly on Friday but major indexes remained on track for their biggest weekly declines in months as investors showed tepid enthusiasm for their first glimpses of earnings reports and a drop in oil prices dented energy stocks.

Wells Fargo & Co., the world's most valuable bank, said profit increased 3.8 percent on lower costs even as the lender snapped a 17-quarter streak of rising per-share earnings.

Wells Fargo & Co., the world's most valuable bank, said profit increased 3.8 percent on lower costs even as the lender snapped a 17-quarter streak of rising per-share earnings.

Wells Fargo & Co. on Friday posted a 3.8% rise in net income, but shares edged down in early morning trading as a key measure of lending profitability declined and the bank's cost-cutting progress stalled.

Wells Fargo & Co., the world's most valuable bank, said profit increased 3.8 percent on lower credit costs even as the lender's per-share earnings failed to top the preceding quarter's for the first time since 2009.

This week's Charlotte Business Journal lists the area's largest private employers, ranked by number of full-time local workers.

This week's Charlotte Business Journal lists the area's largest private employers, ranked by number of full-time local workers.

In comparison to other global banks like Bank of America and Citigroup, Wells Fargo has been paying very attractive dividends in the past five years.

The firm set a "market perform" rating on the stock. A number of other analysts have also recently weighed in on MDU.

A few days ago, Matthew Lindenbaum 's Basswood Capital , filed a Schedule 13F with the SEC, disclosing his long equity positions as of June 30, 2014.

A federal judge has dismissed mortgage discrimination lawsuits filed by the City of Miami against Citigroup Inc and Wells Fargo & Co, following the dismissal of a similar lawsuit against Bank of America Corp earlier this week.

This still represents a fairly high bar for Twitter Inc, which has dropped 40.2% year-to-date and is currently docked at $38.06.

The firm set a "market perform" rating on the stock. Other equities research analysts have also recently issued reports about the stock.

The firm set an "outperform" rating on the stock. Several other analysts have also recently commented on the stock.

Yet even as the bank has demonstrated an uncanny ability to outperform rivals Bank of America , Wells Fargo still has to deal with the challenges that increased regulation could impose on it, with the danger that new limits could put a cap on potential future growth.

Wells Fargo & Co. , the world's most valuable bank, is at risk of ending a 17-quarter streak of rising per-share profits as an industrywide revenue slump overcomes one-time gains and cost cuts that buttressed earnings.

A few of the largest bank holding companies in the world also have a major presence in the Birmingham metro, according to a review of SNL Financial's ranking of the world's largest 100 banks by total assets.