Wells Fargo reported 13% higher profit per share, 11% growth in loans and deposits, and 2% income growth. Lower income from investments and leasing, plus slower trading late in the quarter, temper the gains but do not outweigh growth across its businesses.
Loan and deposit growth can support income, and lower costs show the bank kept spending in check. Lower income from venture investments and leasing, plus slower trading late in the quarter, are real limits. Growth across several businesses outweighs those setbacks.
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