Wells Fargo & Co (WFC.N), the biggest U.S. mortgage lender, reported a better-than-expected 11 percent rise in fourth-quarter profit as a steep fall in bad-loan provisions helped to make up for a big drop in mortgage lending.
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Bank of America Corp (BAC.N) reported a stronger-than-expected 70 percent rise in second-quarter profit, helped by higher revenue from equities sales and trading and a drop in expenses.
Wells Fargo & Co (WFC.N), the biggest U.S. mortgage lender, reported a higher-than-expected 20 percent rise in quarterly profit on Friday as it set aside less money to cover bad loans.
