By The Associated Press
ALL ABOUT MORTGAGES: Mortgages originations more than doubled from the year before, to $131 billion from $64 billion, confirming Wells Fargo's dominance in home lending.
THE DOWNSIDE: The bank's large mortgage business carries its own risks. Wells Fargo added $669 million to its reserve for buying back soured mortgages. It added $242 million in the same period a year ago.
THE RESULTS: Net income jumped 18 percent to $4.4 billion. On a per-share basis, those earnings met the expectations of analysts polled by FactSet. Revenue rose 4 percent to $21.3 billion, in line with analysts' expectations.
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