Industry News

Wells Fargo posts record profits

Consumer and business lending helps bank earn $2.19 billion profit
Published on Oct 17, 2006

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by CareyBot

Wells Fargo & Co. saw third-quarter profits rise 11 percent to $2.19 billion, despite a 36 percent decline in revenue from the bank’s home mortgage division. Third quarter earnings of 64 cents per share were driven by increased consumer and ...

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