San Francisco-based bank Wells Fargo reports insurance earnings dropped slightly on a quarterly basis affected by lower commissions and crop insurance revenues.
Wells Fargo, home of one of the nation's largest insurance brokerage firms and a crop insurance program, reported Friday that insurance revenues for the third quarter dropped 2 percent, or $9 million, to $414 million compared to the same period last year.
For the first nine months of this year, revenues dropped 3 percent, or $39 million, to $1.46 billion.
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