Tags: Wells Fargo | profit | reserve | release

Wells Fargo Profit Rises 13 Percent After Reserve Release

Friday, 11 Oct 2013 08:13 AM

Wells Fargo & Co., the biggest U.S. mortgage lender, reported a 13 percent rise in third-quarter profit after reducing the amount it had previously set aside for bad loans.

Net income applicable to common shareholders rose to $5.32 billion, or 99 cents per share, from $4.72 billion, or 88 cents per share, a year earlier.

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Wells Fargo & Co., the biggest U.S. mortgage lender, reported a 13 percent rise in third-quarter profit after reducing the amount it had previously set aside for bad loans.
Wells Fargo,profit,reserve,release
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2013-13-11
Friday, 11 Oct 2013 08:13 AM
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