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Wells Fargo Q2 Insurance Income Down 7%

San Francisco-based bank Wells Fargo reports second-quarter insurance income dropped 7 percent over the previous year, but rose 5 percent on a quarter-to-quarter basis.

By Mark E. Ruquet | Updated on July 16, 2013

San Francisco-based bank Wells Fargo reports second-quarter insurance income dropped 7 percent over the previous year, but rose 5 percent on a quarter-to-quarter basis.

Wells Fargo says second-quarter net income was down $37 million to $485 million. For the first six months, income is down 9 percent to $948 million. Comparing the first three months to the second quarter, insurance income is up $22 million. Compared to 2012′s fourth quarter, income is up 23 percent.

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