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JAN 11, 2013 - San Francisco Chronicle

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Wells Fargo posts record earnings

Wells Fargo posts record earnings Wells Fargo, the largest U.S. home lender, reported a 24 percent rise in fourth-quarter earnings Friday, beating analysts' estimates for both profit and revenue. The bank increased its business in credit cards, wealth management and other units, and charged more in fees. Earnings and revenue also jumped for the full year, and bank officials described the results as "outstanding," especially in the face of a challenging economy. Being the biggest mortgage lender also makes Wells Fargo a target for lawmakers, regulators and customers who blame risky ... Read More

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