Thursday, January 21, 2010

Wells Fargo reports unexpected 4Q profit

Excerpt:

Wells Fargo set aside $5.91 billion for loan losses during the quarter, a 30 percent decline from the same period a year earlier. Bank of America Corp., which also reported quarterly results Wednesday, actually increased its loan-loss reserves by 18 percent during the final three months of 2009.


http://finance.yahoo.com/news/Wells-Fargo-reports-apf-300479987.html?x=0&.v=5

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