Wells Fargo: Q2 Earnings Snapshot

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Wells Fargo & Co. (WFC) on Tuesday reported second-quarter earnings of $5.49 billion. The San Francisco-based company said it had earnings of $1.60 per share. Earnings, adjusted for non-recurring gains, were $1.54 per share. The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share. The biggest U.S. mortgage lender posted revenue of $30.43 billion in the period. Its revenue net of interest expense was $20.82 billion, which also topped Street forecasts. Six analysts surveyed by Zacks expected $20.7 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WFC at https://www.zacks.com/ap/WFC Source