Wells Fargo profit jumps
Written on October 21, 2009
Wells Fargo & Co said shareholder profit rose 60 percent in the third quarter as mortgage banking revenue surged.
The San Francisco-based bank reported net income for common shareholders of $2.6 billion, or 56 cents a share. That compares with $1.6 billion, or 49 cents, in the year-ago quarter no fax payday loan.
Wells Fargo shares fell 70 cents to $29.76 in premarket trading.
(Reporting by Dan Wilchins; editing by John Wallace)
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