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Re: timhyma post# 105784

Tuesday, 07/14/2015 9:03:21 AM

Tuesday, July 14, 2015 9:03:21 AM

Post# of 120381
THE WALL STREET JOURNAL Markets Alert

Wells Fargo's Earnings Slip

Wells Fargo said its second-quarter profit slipped as the nation's fourth-largest bank by assets continued to deal with low interest rates that have helped loan growth but hurt some measures of profitability.

The San Francisco-based bank reported a profit of $5.72 billion, or $1.03 a share. That compares with $5.73 billion, or $1.01 a share, in the same period of 2014. Analysts polled by Thomson Reuters had expected earnings of $1.03 a share.

Revenue rose to $21.3 billion. Analysts had expected $21.7 billion.

See More Coverage » WSJ

"The early bird need not pursue the worm when he can order pizza at midnight."

~ Charles M. Schulz

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