Earnings News:

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Second Quarter Earnings

Institutional Money Manger firm state street profits surges for the second Quarter, up 61 percent according to a report by reuters. Net Income climbed to 366 million up from 227 million last year.

The fifth largest United States bank by market share, Wells Fargo reported a profit of 9 percent. the company reported that revenue was 2.28 billion up from 2.09 billion.

Student lender, Sallie Mae Reported a profit 33 percent, the company said it earned 966 million compared to 724 million the same time last year.

Coca Cola, the world's largest beverage maker, posted a 1% profit increase for the second quarter, on a solid 19% gain in sales.