Four of the biggest Western banks, including Wells Fargo & Co., reported higher earnings for the second quarter on Tuesday, while two big California thrifts posted declines from the previous year.

At Wells, earnings increased 13% from the same period last year to $232 million, primarily because it didn't make any new provisions to its loan loss reserve. In last year's second quarter, Wells made a $60 million provision.

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.