Net income increased by 22% to 5,17 billion dollars (92 cents per share) against 4,25 billion (75 cents per share) in the same period of 2012. Revenues amounted to 21,3 billion
America's leading mortgage bank, Wells Fargo, closed the first quarter with record profits. Net income increased by 22% to 5,17 billion dollars (92 cents per share) against 4,25 billion (75 cents per share) in the same period of 2012. Revenues amounted to 21,3 billion.
Thomson Reuters Ibes expectations indicated earnings per share of $0,88. Thanks to a cost cut, the bank managed to overcome a slight drop in turnover which fell by 2% to 21,3 billion (below expectations).
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