KQED Nightly Business Report July 12, 2014
Overcame a drop in revenue to report profits of 5. 3 billion. Mortgage originations were way off, down 58 as refinancing basically dried up but profits were helped by stronger lending overall, Securities Trading and lower loan loss reserves. Still, investors pushed down the stock of the nations most valuable bank. It closed about a half percent lower as analyst pointed to rising ex spen rising expenses. A look at the banks that may post earnings next week. Reporter wells fargo reported profits that matched and sales that beat analyst expectations. Many investors Pay Attention to the Earnings R...