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Forget The Jamie Dimon Show, Wells Fargo Has Another Stellar Quarter

You might not have noticed but there was another big bank telling the world about its performance in the second quarter today, and it was pretty impressive.

On the other side of the country, far away from the Jamie Dimon show underway in New York, Wells Fargo reported a 17% jump in profit thanks to its U.S. mortgage business. It was a record quarter for the San Francisco bank with a net income of $4.6 billion...

 

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