Earnings Roundup: Wells Fargo, EBay

Among the earnings stories for Wednesday, Oct. 21, from AP Financial News:

Top stories:

NEW YORK (AP) — Wells Fargo & Co. reported a $2.6 billion third-quarter profit as the company's retail banking operations, including the businesses it acquired with the purchase of Wachovia Corp., offset rising loan losses.

Other stories:

SAN FRANCISCO (AP) — EBay Inc. said that even as third-quarter net income dipped 29 percent, its revenue rose largely because more people and merchants are using PayPal to pay for things online.

JACKSONVILLE, Fla. (AP) — FIS, which provides technology services to financial firms, said its third-quarter profit jumped 55 percent as lower costs offset reduced software license and professional service revenue.

FREMONT, Calif. (AP) — Lam Research Corp., which makes equipment for the semiconductor industry, said its third-quarter profit nearly doubled as it slashed costs and boosted margins, blowing past Wall Street expectations for a loss.