Wells Fargo posts earnings of $1.04 a share vs. 98 cents expected

Wells Fargo and JPMorgan Chase are the first two big banks scheduled to report earnings this season. Wells Fargo, along with Blackstone, agreed on Friday to purchase most of GE Capital Real Estate's assets for about $23 billion both companies said. Specifically, " Wells Fargo has agreed to purchase performing first mortgage commercial real estate loans valued...