Wells Fargo profit rises on higher interest income from customers By Reuters

2023-07-14 10:56:35

© Archyde.com. Wells Fargo Bank branch is seen in New York City, U.S., March 17, 2020. REUTERS/Jeenah Moon

(Archyde.com) – Wells Fargo (NYSE:)’s profit rose in the second quarter as it earned more in interest payments from customers.

Net income rose to $4.94 billion, or $1.25 per share, for the three months ended June 30, compared with $3.14 billion, or $0.75 per share, a year earlier, the lender said on Friday.

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