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."
Most Recent Videos
Full Show: Bloomberg Businessweek (05/26)
31:33 - Bloomberg Television takes you behind the scenes of our award-winning magazine "Bloomberg Businessweek." Hosts Carol Massar and Oliver Renick talk with the writers who break news on a weekly basis. (Source: Bloomberg)