(Bloomberg) -- Wells Fargo & Co., the most valuable U.S. bank and largest home lender, reported a 17% rise in second-quarter profit on strength in mortgage banking and a drop in expenses.
Net income advanced to a record $4.62 billion, or 82 cents a share, from $3.95 billion, or 70 cents, a year earlier, the San Francisco-based company said today in a statement. The average estimate of 31 analysts surveyed by Bloomberg, excluding some special items, was 81 cents a share.
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