Wells Fargo reported its 10th consecutive quarter of earnings growth, propelled by a booming business originating and refinancing mortgages.
The bank’s second-quarter profit was $4.6 billion, a record for Wells and a 17 percent increase from the $3.9 billion profit it reported a year earlier. Wells, which is based in San Francisco, earned 82 cents a share for the quarter, above the 81 cents that analysts polled by SNL Financial had expected.
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