Wells Fargo's profits fall 3.5%

Posted online July 15, 2016 | 11:21 am

Wells Fargo, the No. 1 U.S. bank by market value, reported a 3.5 percent drop in quarterly earnings.

Net income available to common shareholders was $5.2 billion in the quarter ended June 30, down from $5.4 billion a year earlier.

Earnings per share dipped 2 cents to $1.01, on par with analysts' expectations.

Read more from Reuters.

Comments

No comments on this story |

Please log in to add your comment

Republic School District opens activities center

Editors' Pick

Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read