Wells Fargo posts $5.8 billion in net income

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First National Bank Alaska grew its second quarter net income 3.7 percent year-over-year to more than $13.1 million, according to results posted on the bank’s website. FNBA also eclipsed the $2 billion threshold in total loans in the second quarter with 4.7 percent year-over-year portfolio growth.

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Morgan Stanley Hires Wells Complex Manager for Seattle Post;. Wells Fargo Wealth Headcount Slips Again, Fee-Based Assets Rise. The bank company’s total net income of $5.8 billion was up.

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Wells Fargo Reports $5.8 Billion in Quarterly Net Income. The plan also includes up to $11.5 billion of gross common stock repurchases, subject to management discretion, for the four-quarter period from third quarter 2017 through second quarter 2018.

The company reported $5.8 billion in net income, or $1.04 per share. This was higher than analysts’ expectations of $0.98 per share but slightly lower than the $1.05 per share earned in 1Q 2014. Even though earnings beat analysts’ expectations, Wells Fargo’s stock tumbled during the day of the earnings announcement.

Wells Fargo net income applicable to common stock. Diluted earnings.. $5.8 billion and averaging $3.9 billion per year. (2) Junior and first.

Wells Fargo broke its record for auto originations in 2Q12 with a total of $6.6 billion, up 6% from 1Q12 and up 18% from 2Q11. The results reflected "growth across the credit spectrum," the lender said in its earnings report. Those results even beat Chase Auto Finance’s second quarter results of $5.8 billion in auto [.]

Third quarter net profit was 1% higher at $5.8 billion. Net interest income increased by $516 million compared to the same period last year, reflecting high loan growth.. Wells Fargo Posts.