Wells Fargo Q2 Results: Profit falls, misses estimates on deposit costs
Net income fell to $4.91 billion for the three months ended June 30, versus $4.94 billion, a year earlier, the lender reported on Friday. On a per shares basis, the company reported $1.33, compared to $1.25 a year earlier.
By Reuters | Updated:
Reuters
Wells Fargo's second-quarter profit declined as the lender shelled out more to hold on to deposits amid intense competition for customers' money.
Net income fell to $4.91 billion for the three months ended June 30, versus $4.94 billion, a year earlier, the lender reported on Friday. On a per shares basis, the company reported $1.33, compared to $1.25 a year earlier.
Net income fell to $4.91 billion for the three months ended June 30, versus $4.94 billion, a year earlier, the lender reported on Friday. On a per shares basis, the company reported $1.33, compared to $1.25 a year earlier.
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