Over the second quarter of
2014, Wells Fargo & Company benefited from a broad-based loan growth, increased
deposits, and continued improvement in credit quality. Wells Fargo reported net income of $5.7 billion for the
second quarter of 2014, up 4% from $5.5 billion reported in the same quarter last year, as the company grew
both net interest and non interest income. Additionally, the San Francisco, CA based bank holding company
continued to maintain a strong deposit franchise and a diversified business model. Wells Fargo effectively
managed costs and credit quality, which built on the institution’s already strong position.
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