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."
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China's Early Indicators Give Mixed Readings
36:33 - The earliest indicators of China’s economy for October give mixed readings, reflecting the tug-of-war between resilient domestic demand and fresh challenges as policy switches to reining in financial risks. Bloomberg's Malcolm Scott has more on "Bloomberg Daybreak: Asia." (Source: Bloomberg)