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W ells Fargo & Co. BWF-N on Wednesday reported a $2.6-billion third-quarter profit as the company's retail banking operations, including the loan business it acquired with the purchase of Wachovia Corp. , offset its rising loan losses. Full Article at Globe and Mail
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the curve in realizing credit losses and have strong unimpaired core earnings power." Wells Fargo & Co.'s profits nearly doubled in the third quarter — but the bank also reported a sharp increase in loan losses. Full Article at Contra Costa Times
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W ells Fargo & Co. BWF-N on Wednesday reported a $2.6-billion third-quarter profit as the company's retail banking operations, including the loan business it acquired with the purchase of Wachovia Corp. , offset its rising loan losses. Full Article at Globe and Mail
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NEW YORK -- Wells Fargo & Co. says its third-quarter profit nearly doubled from a year ago although it joins other big U.S. banks in reporting higher loan losses. Full Article at Chicago Sun-Times
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Its shares lost $1.56 to close at $28.90 Wednesday as investors wondered whether Wells would be able to sustain the string of quarterly profits above $3 billion that it has enjoyed so far this year after its completed acquisition of Wachovia at the end... Full Article at San Francisco Chronicle
