BUZZ-Wells Fargo falls after Q2 results

Wells Fargo & Company

Wells Fargo & Company

WFC

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Updates

** U.S. banking giant Wells Fargo's WFC.N shares fall 2.3% to $85.7

** WFC keeps full-year forecasts unchanged; records slight net interest margin (NIM) compression in the second quarter

** Reports net income growth of 17% to $6.41 billion, or $2.00 per share, beating analysts' average estimate of $1.72 per share - data compiled by LSEG

** Interest income rises ~5% in Q2 from a year earlier, while markets revenue surges ~24%

** Including session's moves, WFC down nearly 6.9% YTD