2Q Results
BETTER, BUT … Wells Fargo's mortgages are "certainly up seasonally quarter over quarter. But we might have imagined a little bit more going into the [end of the] year,"CFO John Shrewsberry said.

Big Banks' Mortgage Volume Soars, But Profits May Still Be Grounded

It sounds liked a great business formula: home loans soared at several megabanks last quarter after they spent months cutting thousands of jobs to save costs. But executives remain concerned about profit potential because market shifts and new regulations are making mortgage lending more expensive.

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