Wells Fargo's Solid Quarter Beats Estimates, Record Profit Jumps 14% - Presented by: The Aol. On Network

Wells Fargo Wells Fargo had a solid start in 2014 reporting a record quarterly income. Net income came in at $5.9 billion. That’s up 14% from last year when income was $5.2 billion. Wells Fargo quarterly revenue fell in line with estimates at $20.6 billion, a slight drop from last year’s $21.3 billion. Growth was driven by increases in equity gains in the market, mortgage servicing income and brokerage advisory fees, Wells Fargo noted.

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