Wells Fargo falls below expectations in second-quarter earnings


Wells Fargo & Co. (NYSE: WFC) missed the mark on what analysts expected in its second-quarter earnings report released this morning.

The San Francisco-based bank — the third-largest bank in Central Florida by ocal deposits — posted a net income of $5.2 billion, or 98 cents in diluted earnings per share — a more than 10% drop in net income compared to this time last year.

Earlier this week, analysts predicted, on average, diluted earnings per share of $1.12, and total revenue ranging from…

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