Tuesday, July 17, 2007

Fees bolster Wells Fargo net; other US banks mixed

(Reuters) - NEW YORK, July 17 - U.S. banks led by Wells Fargo & Co and U.S. Bancorp posted mixed results on Tuesday, as higher customer fees helped offset rising credit losses and pressure on rate-sensitive businesses, including mortgage lending.



Profit rose 9 percent at Wells Fargo and fell 4 percent at U.S. Bancorp, the fifth- and sixth-largest banks. Earnings rose 31 percent at Regions Financial Corp and 8 percent at KeyCorp , two big regional banks.


Read more at Reuters.com Market News

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