BUZZ-Wells Fargo rises after Q2 profit jumps

Wells Fargo & Company

Wells Fargo & Company

WFC

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** U.S. banking giant Wells Fargo's WFC.N shares rise 1.5% to $88.95 premarket

** WFC reports net income of $6.41 billion, or $2.00 per share, in the three months ended June 30, compared with $5.49 billion, or $1.60 per share, a year earlier

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

** As of last close, WFC stock down nearly 6% YTD