Diane Alter

Wells Fargo (NYSE: WFC) Starts Big Banks Earnings Season with a Profit Rise and Revenue Drop

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Wells Fargo & Co. (NYSE: WFC) kicked off second-quarter bank earnings season Friday morning. While the bank didn’t deliver any surprises, its numbers failed to impress.

Shares of the largest U.S. bank by market cap, up 28.5% since October, fell nearly 2% to $50.82 on brisk volume following the uninspiring report.

The post Wells Fargo (NYSE: WFC) Starts Big Banks Earnings Season with a Profit Rise and Revenue Drop appeared first on Money Morning – Only the News You Can Profit From.

Why Gold Prices Are Up Today

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Gold prices spiked today (Thursday), hitting a near four-month high in early trading. In the morning session, August Comex gold soared $20.20 to $1,355.50 an ounce, its highest level since March 19. Spot gold jumped $17.10 at $1,344.25.