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