| | | | | | To view this email as a webpage, click here | | |  | | | | Friday July 12 2013 | | | | | | |
| | | Wells Fargo beats forecasts with successive quarter of record profits | | | Wells Fargo, the biggest mortgage originator in the US, reported second quarter earnings of $5.5bn which beat expectations.
Net income for the three months to July was 19 per cent more than the $4.6bn it earned in the same period last year and more than the $5bn expected by analysts.
Earnings per share of 98 cents were higher in the second quarter than the 92 cents forecast by analysts, and also 20 per cent more than the 82 cents posted last year.
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