Wells Fargo profit rises on lower bad loan provisions-February 2024-www.financetom.com

Wells Fargo profit rises on lower bad loan provisions

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Wells Fargo profit rises on lower bad loan provisions

Jul 15, 2025 4:19 AM

July 15 (Reuters) - Wells Fargo's ( WFC ) profit rose in

the second quarter as it set aside less money to shield for

potential bad loans.

The fourth-largest U.S. lender's net income was $5.49

billion, or $1.60 a share, in the three months ended June 30, it

said on Tuesday. That compares with $4.91 billion, or $1.33 a

share, a year earlier.

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