Wells Fargo’s health off­sets loss

Austin American-Statesman - - BUSINESS & PERSONAL FINANCE -

Wells Fargo & Co. said its sec­ond-quar­ter earn­ings fell 3 per­cent, to $3.1 bil­lion, as a slow­down in lend­ing was off­set by the im­prove­ment in the fi­nan­cial health of con­sumer and cor­po­rate bor­row­ers. Wells Fargo re­leased about $500 mil­lion it had pre­vi­ously set aside to cover losses and sug­gested the worst of its trou­bles were over.

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