Relive the excitement of the Patriots’ path to their fourth Super Bowl Championship with “Pumped,” a special commemorative book from The Boston Globe.

Market Movers

Wells Fargo profit jumps 19% in quarter

Analysts had forecast the bank’s earnings at 93 cents.

Analysts had forecast the bank’s earnings at 93 cents.

Continue reading below

San Francisco’s Wells Fargo, the nation’s largest home lender, posted a 19 percent increase in second-quarter profit as it overcame an easing in the mortgage market on its way to record earnings. The results, helped by falling expenses and growth across the bank’s deposit and lending business, included net income of $5.5 billion, or 98 cents a share. That compared with $4.6 billion, or 82 cents, a year earlier. Revenue, roughly flat at $21.4 billion, also exceeded expectations. But stock gains stayed in check as some investors see an easing in the mortgage market as a signal of a slowdown in the broader industry.

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking. Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com