“Wells Fargo is reporting higher earnings for the second quarter thanks to a pickup in lending and a decline in the amount of bad loans.
The San Francisco-based bank’s net income rose 18 percent to $4.4 billion, compared to $3.7 billion in the same period a year ago.
On a per-share basis, the bank earned 82 cents, in line with estimates of analysts polled by FactSet. Revenue of $21.3 billion was also in line with analysts’ expectations.”
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