MINNEAPOLIS - Norwest Corp.'s chairman and chief executive, Lloyd Johnson, said he expects the company's per share earnings to increase at an annual rate of 13% "over the next several years."
In a presentation to analysts at a conference, Mr. Johnson said the 13% estimate is "very conservative."
He also said he was "comfortable" with analysts' average 1992 earnings projection for Norwest. Piper Jaffray estimates that in 1992 Norwest will earn $3.38 a share, compared with 1991 earnings of $.292.
In the first quarter of 1992, Norwest reported earnings of 81 cents a share, a 19% increase from year-ago earnings of 68 cents.
