Tuesday, July 17, 2007

RPT-WRAPUP 2-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 offset rising loan losses and
pressure from interest rates and mortgage lending.




Profit rose 9 percent at Wells Fargo but 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 Bonds News

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