Arab Today, arab today wells fargo q2 revenue tops forecast profit up slightly
Last Updated : GMT 09:58:20
Arab Today, arab today
Arab Today, arab today

Wells Fargo Q2 revenue tops forecast, profit up slightly

Arab Today, arab today

Arab Today, arab today Wells Fargo Q2 revenue tops forecast, profit up slightly

Wells Fargo the largest US mortgage lender
New York - XINHUA

Wells Fargo & Company, the largest U.S. mortgage lender, on Friday reported better-than-expected revenue for the second quarter of 2014, while its quarterly profit improved slightly.
The bank posted net income of 5.7 billion U.S. dollars, or 1.01 dollars per diluted common share, for the quarter, up from 5.5 billion dollars, or 98 cents per share, in the year-ago period. The company' s per-share earnings for the second quarter met analysts' forecast.
Meanwhile, its total revenue in the second quarter was 21.1 billion dollars, down 1 percent from the same period of last year but was stronger than market expectations.
"By continuing to serve customers, we grew loans, increased deposits and deepened our relationships," said John Stumpf, Wells Fargo's chairman and chief executive officer.
"Our results also reflected strong credit quality driven by an improved economy, especially the housing market, and our continued risk discipline," he added.
Wells Fargo reported that its total average loans in the second quarter rose 4 percent from a year ago, while total average deposits rose 9 percent year-on-year.
The bank also said that its total nonperforming asset went down 3.0 billion dollars in the second quarter, representing a 14-percent decline from last year.
Wells Fargo is the first major U.S. bank to publish results in the new earnings season. More results from other major U.S. banks are due to come out next week.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today wells fargo q2 revenue tops forecast profit up slightly Arab Today, arab today wells fargo q2 revenue tops forecast profit up slightly

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today wells fargo q2 revenue tops forecast profit up slightly Arab Today, arab today wells fargo q2 revenue tops forecast profit up slightly

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq's Barzani isolated by his drive

GMT 04:36 2017 Tuesday ,24 October

Iraq's Barzani isolated by his drive
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU targets German carmakers

GMT 05:41 2017 Tuesday ,24 October

EU targets German carmakers
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today Sherine Reda frustrated of latest terrorist attacks

GMT 09:03 2017 Monday ,23 October

Sherine Reda frustrated of latest terrorist attacks
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:12 2017 Saturday ,21 October

Donia Abdel Aziz aspires to return to cinema

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 08:06 2017 Tuesday ,24 October

Second Palestinian mobile provider enters Gaza

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday