CORPORATE NEWS

摘要

July 12Reuters reported that Wells Fargo & Co, the biggest U.S. mortgage lender, posted a higher-than-expected 20% rise in quarterly profit on July 12, 2013, as it set aside less money to cover bad loans and earned more from its mortgage business. The results reflect the strengthening U.S. housing market, which is cutting the bank's expenses for items such as managing foreclosed homes. Income from making home loans rose 9% from a year earlier.