Reuters ahead with key Wells headlines that moved market

Reuters was ahead of rivals on April 9 with headlines detailing Wells Fargo’s expectations of a profitable first quarter - an announcement that sent the bank’s shares up 32 percent and prompted a multi-day rally in stock markets. Reuters beat Bloomberg by 2 seconds and Dow Jones by more than 2 minutes on the EPS. Reuters stayed ahead on other details including the bank’s revenue and the fact that its acquisition of Wachovia was exceeding expectations. The KBW Bank Index rose 20.1 percent and the Standard & Poor’s 500 rose 3.8 percent on the day and trading volume in Wells Fargo, JPMorgan, Citigroup and Bank of America topped 2 billion shares.