Updated Saturday, November 1, 2014 as of 6:31 AM ET

Profits Up 25% at Wells Fargo's Wealth Unit

Wells Fargo's second quarter profits rose to $5.7 billion, buoyed in part by a roughly 25% increase in profits at the San Francisco bank's wealth, brokerage and retirement unit.

Get access to this article and thousands more...

All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

Comments (2)
If broker compensation is cut---employee raises are minimal---greater charges to the brokers and higher fees to clients----naturally, profits will rise----the key is to have revenues rise without cutting compensation and giving minimal raises---Maybe top administration should also take a substantial cut in their compensation to be more in line with the pay scale for it's employees
Posted by deane r | Tuesday, July 15 2014 at 1:26PM ET
If broker compensation is cut---employee raises are minimal---greater charges to the brokers and higher fees to clients----naturally, profits will rise----the key is to have revenues rise without cutting compensation and giving minimal raises---Maybe top administration should also take a substantial cut in their compensation to be more in line with the pay scale for it's employees
Posted by deane r | Tuesday, July 15 2014 at 1:27PM ET
Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here