Wells Fargo Hits Record Profit on Mortgage Banking

Oct. 12 (Bloomberg) -- Bloomberg's Julie Hyman reports that Wells Fargo & Co. said third-quarter profit increased 22 percent as the cheapest interest rates in history spurred refinancing. Net income advanced to a record $4.94 billion, or 88 cents a share, beating analyst estimates of 87 cents. She speaks on Bloomberg Television's "In The Loop."

Have Markets Peaked?: What'd You Miss? (Full Show 04/29)
28:13 - Full episode of "What'd You Miss?" Guests include: Ben Laidler, HSBC Securities global equity strategist, Chris White, Viablemkts chief executive officer, and Meredith Sumpter, Eurasia Group Asia director. (Source: Bloomberg)
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