San Francisco-based Wells Fargo bank reported its insurancedivision's revenues grew 2 percent in the second quarter over thesame period last year.
|Insurance services revenue, which includes the insurancebrokerage firm, Chicago-based Acordia, as well as Wells Fargo's ownbrokerage operations, grew by $6 million, from $358 million to $364million in the second quarter of this year.
|For six months, revenues have grown 5 percent, or $33 million,from $695 million to $728 million, the bank said.
|Wells Fargo reported its net income in the second quarterincreased 9 percent, or $179 million, going from $1.9 billion, or$1.12 a share, to $2.09 billion, or $1.23 a share. Revenuesincreased 12 percent, or $924 million, from $7.87 billion to $8.79billion.
|For the six months, net income increased 9 percent, or $341million, from $3.77 billion, or $2.20 a share, to $4.11 billion, or$2.42 a share. Revenues rose 9 percent, or $1.39 billion, from$15.95 billion to $17.34 billion.
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