Wells Fargo, the leader of the US mortgage market, following the results of the second quarter, reported on the reduction of net profit to 5 billion 190 million dollars from 5 billion 810 million dollars a year earlier. Earnings per share were 98 cents, while analysts had expected the figure at 1 dollar 12 cents per share. Quarterly revenue fell to 21 billion 550 million dollars from 22 billion 200 million dollars for the same period last year. Economists had predicted a decline in revenue to 21 billion 680 million dollars. Net interest income increased by 1% in annual terms to $12.5 billion, non-interest income decreased by 8% to $9 billion. The volume of deposits on the bank's accounts fell by 2%, the volume of loans granted - by 1%.
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