SAN FRANCISCO - Wells Fargo & Co. has been singled out by analysts as a leader in alternative delivery of banking services, but in the second quarter that spending finally began to take its toll.

In the period ended June 30, Wells Fargo's noninterest expenses rose $17 million, to $560 million, more than analysts had expected.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.