CLEVELAND - Analysts' 1993 earnings estimates of $2.10 a share for Norwest Corp. are reasonable, chief financial officer John Thornton said. Minneapolis-based Norwest earned $1.45 a share in 1992.
Speaking at a financial institutions conference held by McDonald & Co. Securities, Mr. Thornton also said he sees no abatement in mortgage originations. Norwest's mortgage subsidiary, which currently services a portfolio of $30.2 billion, expects to be servicing $40 billion by yearend, he said. This compares with slightly more than $20 billion in mortgages last year.