Wells Fargo's profit surged past expectations on wealth and investment banking gains

The bank earned $2.00 per share in the second quarter, topping analyst expectations of $1.72 per share

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Wells Fargo $WFC reported second-quarter net income of $6.4 billion, or $2.00 per diluted share, up 17% from $5.49 billion, or $1.60 per share, a year earlier. Analysts had expected earnings of $1.72 per share on revenue of $21.9 billion, according to Barron's.

Total revenue rose 9% to $22.6 billion. Noninterest income climbed 13% to $10.3 billion, topping the $9.44 billion average analyst estimate, according to Bloomberg. Net interest income rose 5%........

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