Cost-cutting, better loan quality boost Wells Fargo profit

Posted: July 13, 2013 at 3:25 a.m.

A customer uses an ATM outside a Wells Fargo branch in Charlotte, N.C., Tuesday, Jan. 17, 2012. WellsFargo & Co. reports their company earnings on Friday, July 12, 2013. (AP Photo/Chuck Burton)

Lower expenses and fewer bad loans helped lift Wells Fargo’s second-quarter profit by 20 percent, the company reported Friday.

This story is only available from our archives.

Business, Pages 27 on 07/13/2013


« Previous Story

Business news in brief

QUOTE OF THE DAY “All things being equal, [interest] rates going up is a good thing, as long as the economy keeps growing.” Jamie Dimon, chief executive officer, JPMorgan Read »

Next Story »

US Airways shareholders OK merger

NEW YORK — US Airways shareholders Friday overwhelmingly approved a proposed merger with American Airlines, bringing the companies closer to creating the world’s biggest ai... Read »