Revenue stood at $21.4bn, up from $21.3bn during the corresponding period earlier year, mainly backed by growth in net interest income, while growth in noninterest income fee categories, among others.
Net interest income grew by $251m on a linked-quarter basis to $10.8bn largely due to higher interest income from the available-for-sale (AFS) securities portfolio, while noninterest income stood at $10.6bn.
Community banking net income rose by 11% to $3.2bn from first quarter 2013, while total revenues declined slightly to $12.9bn from $13.09bn during the same period year ago quarter.
For the quarter period ended on 30 June 2013, wholesale banking reported net income of $2bn, up by $123m, from $1.88bn, while revenue stood at $6.13bn, slightly up from $6.11bn, during the same period last year.
Wealth, brokerage and retirement net income stood at $434m, with an increase of $91m, while total revenue rose to $3.26bn, as against $2.97bn during the comparable period of 2012.
For the second quarter of 2013, its capital increased with Tier 1 common equity of $117.6bn under Basel I, with Tier 1 common equity ratio of 10.73%.
Formed in 1852, and headquartered in San Francisco, Wells Fargo offers banking, insurance, investments, mortgage, and consumer and commercial finance through over 9,000 stores, 12,000 ATMs, and the internet and has offices in more than 35 nations.
