Wells Fargo Profit Up 17%

The nation's largest mortgage lender said revenue from mortgage banking jumped almost 80% and consumers borrowed more on their credit cards. But it called the economic recovery uneven.

Sections:  news   business   
Topics:  banks   credit cards   economy   mortgage   profit   u.s. economy   wells fargo   
RELATED ARTICLES
  • Dollar rises above 100 yen for 1st time in 4 years
    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • Obama to open middle-class jobs, opportunity tourObama to open middle-class jobs, opportunity tour
    Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • US home building is surging, but job growth isn'tUS home building is surging, but job growth isn't
    The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
  • US casino revenue up nearly 5 percent in 2012US casino revenue up nearly 5 percent in 2012
    Things are looking up for most of the nation’s commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady. According to the annual survey of casinos by the American Gaming Association, America’s nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. More
ASK NEWS:
  • Why Wells Fargo Has More Foreclosures than Bank of America and ... - Motley Fool
    Image Source: Jeff Turner From July to December of last year, foreclosures at Wells Fargo ( NYSE: WFC     ) increased by nearly a billion dollars.
    04/6/2014 - 11:53 am | View Link
  • New trustees named to CSU-Pueblo board [The Pueblo Chieftain, Colo. ... - TMC Net
    Three arrested in Pueblo West drug and weapons bust - Big News Network
    04/6/2014 - 10:09 am | View Link
  • Earnings Expectations For The Week Of April 7: New Season Kicks Off - Yahoo! Finance
    With the end-of-the-week earnings reports from J.P. Morgan (NYSE: JPM) and Wells Fargo (NYSE: WFC), the new season really gets started.
    04/6/2014 - 6:18 am | View Link
  • Garnett 'able to contribute' in return - ESPN.com
    Nets' Garnett returns after 19-game absence - ESPN.com
    04/5/2014 - 1:16 pm | View Link
  • Nets leave comforts of home in trip to Philly - FOXNews.com
    Nets leave comforts of home in trip to Philly - Sports Network
    04/5/2014 - 12:12 pm | View Link
  • More
YAHOO NEWS:
  • Local woman suing Wells Fargo, trial underway
    A local woman is suing her bank, saying they did not have the right to take money out of her CD to p
    03/4/2014 - 7:13 pm | View Link
  • Wells Fargo: A Lesson in Dealing with Fear
    By FAST Graphs. Read more » » Related Stocks: WFC ,
    03/4/2014 - 6:20 pm | View Link
  • ON THE MOVE-Morgan Stanley hires advisers from UBS, Wells Fargo
    Morgan Stanley's wealth management unit said it hired six financial advisers from UBS and Wells Fargo. Daniel Tedesco and Dennis Madden joined on Feb. 14 from UBS where they managed $161 million in client ...
    03/4/2014 - 3:07 pm | View Link
  • Wells Fargo Announced As Platinum Sponsor of 8th Annual Calabasas Malibu Wine & Food Festival
    Banking giant Wells Fargo to host this year's "VIP Experience". (PRWeb March 04, 2014) Read the full story at http://www.prweb.com/releases/2014/03/prweb11635443.htm
    03/4/2014 - 12:20 pm | View Link
  • Buffett’s Berkshire Hathaway increases stake in Wells Fargo
    Warren Buffett’s Berkshire Hathaway has upped its stake in Wells Fargo, boosting its ownership in the San Francisco lender to 9.2 percent.
    03/3/2014 - 6:32 pm | View Link
  • More
BING NEWS:
  • Wells Fargo In Good Shape, But The Street Knows It
    There are worse things than owning a quality well-run business that Wall Street knows is well-run, but it isn't often a source of major investment alpha. With that in mind, San Francisco-based Wells Fargo (NYSE:WFC) continues to look like a good core ...
    04/17/2014 - 8:19 am | View Link
  • Wells Fargo Believes IBM Is A 'Fairly Defensive Stock'
    Analyst Maynard Um at Wells Fargo on Thursday, April 17, 2014, released a report International Business Machines (NYSE: IBM). Shares of the company are down $6.55 or 3.34 percent to 189.76, the company missed analyst' expectations or earnings and revenues ...
    04/17/2014 - 7:01 am | View Link
  • Wells Fargo cuts 323 more jobs amid mortgage slowdown, 27 in Addison
    Casualties mounted Wednesday as Wells Fargo & Co. (NYSE: WFC) put another 323 people out of work, including 27 in Addison. The cuts are occurring nationwide. Workers have been given 60 days notice and will receive pay and benefits through June 14.
    04/17/2014 - 6:14 am | View Link
  • Post Earnings, Wells Fargo, JPMorgan, and Citigroup Are Looking Like Solid Buys
    While economists and analysts fret over the state of the U.S. economy, the financial sector is doing extremely well. Big banks Wells Fargo (NYSE: WFC ) and Citigroup (NYSE: C ) delivered first-quarter earnings reports that surpassed expectations.
    04/17/2014 - 4:00 am | View Link
  • The Unexpected Way Wells Fargo & Co Is Beating Citigroup Inc
    Citigroup has long been one of the leaders in the credit card landscape, and 2013 was no exception. In the year its global credit card operations alone delivered a staggering $21.1 billion in revenue to the bank. Yet Wells Fargo has progressively been ...
    04/17/2014 - 3:35 am | View Link
  • More
BING SEARCH:
  • Wells Fargo on the Forbes World's Most Valuable Brands List
    Profile. Wells Fargo & Company is a bank holding company. It has three operating segments: Community Banking Wholesale Banking and Wealth, Brokerage and Retirement.
    04/9/2014 - 11:18 am | View Website
  • Wells Fargo
    Wells Fargo & Company is an American multinational banking and financial services holding company headquartered in San Francisco, California, with "hubquarters ...
    04/9/2014 - 8:41 am | View Website
  • WFC: Summary for Wells Fargo & Company Common St- Yahoo ...
    View the basic WFC stock chart on Yahoo! Finance. Change the date range, chart type and compare Wells Fargo & Company Common St against other companies.
    04/9/2014 - 7:51 am | View Website
  • Wells Fargo
    Wells Fargo is a provider of banking, mortgage, investing, credit card, insurance, and consumer and commercial financial services.
    04/8/2014 - 11:30 pm | View Website
  • Wells Fargo Educational Online Access
    As one of the nation's largest providers of education financing, Wells Fargo Education Financial Services now offers accessible services online.
    04/8/2014 - 6:55 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News