Tuesday, July 17, 2007

Wells Fargo 2nd-qtr earnings jump

(Reuters) - Analysts on average forecast profit of 67 cents per share on revenue of $9.63 billion, according to Reuters Estimates.




John Stumpf, who replaced Richard Kovacevich as chief executive last month, said Wells Fargo won more business from existing customers, helping to offset "the industry headwinds of a weaker housing market, a flat yield curve and slower deposit growth."


Read more at Reuters.com Bonds News

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