Tuesday, July 17, 2007

Wells Fargo 2nd-qtr profit rises

(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, offsetting "industry headwinds of a weaker housing market, a flat yield curve and slower deposit growth."


Read more at Reuters.com Business News

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