Wells Fargo profit jumps
Bank sets record in fourth quarter
Posted: January 12, 2013 at 2:14 a.m.
Wells Fargo, the country’s biggest mortgage lender, reported record earnings for the fourth quarter on Friday, beating analysts’ expectations for both profit and revenue. The bank made more loans, gained deposits and enjoyed above-average returns from the investments made by its privateequity business.
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Business, Pages 27 on 01/12/2013