Drifting Back To Earth.

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  • Additional Information
    • Subject Terms:
      UNITED States
    • Subject Terms:
      WELLS Fargo & Co. 006962435 WFC
    • Subject Terms:
      SUNG Won Sohn
    • Abstract:
      Reports that the tally of third quarter corporate reports shows that corporate profits have slowed from their sizzling pace. Belief that high oil prices and low productivity restrained the gains; Company leaders and laggards; Which companies made the most money and who lost the most during the quarter; Strong capital spending which buoyed revenues; Expectation that the economy will keep cooling while high energy and commodity prices eat into the bottom line; Comment from Sung Won Sohn of Wells Fargo & Co that the economy is just returning to a more normal pace. INSET: Profits Spotlight.