CLEVELAND -- Charter One Financial Inc. said it expects second-quarter net income to exceed analysts' estimates.

Charles John Koch, president and chief executive, said in a news release that net income for the quarter is expected to be between 75 cents and 80 cents a share, of which only about 1 cent would result from gains on sales of securities.

Analysts' mean estimates were 65 cents a share.

Mr. Koch said the bank's estimate is attributable to a wider net interest margin and more recurring fee income.

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