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Tag Archives: Earning Statement

Wells Fargo’s Profits Fold Under Pressure

With intense pressure stemming from falling oil prices, historically low interest rates, and volatile financial markets profits at San Francisco-based Wells Fargo did not come in strong for the first quarter of 2016.

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Chase and Wells Fargo Earnings Statements Indicate Strong Q2 Results

Both JPMorgan Chase and Wells Fargo posted strong financial results in the second quarter, with Chase experiencing a 5 percent jump in net income, according to earnings statements released by both banks on Tuesday. Chase's Q2 net income of $6.29 billion represented an increase of 5 percent from the same quarter a year ago, while the New York-based bank's period-end balance sheet was down $123 billion in the second quarter.

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