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News Watch
- 10/17/2008 2:15:34 PM
By Chip Brian, SmarTrend Analytics Team
Today, Wells Fargo & Co. (NYSE:WFC) reported financial results for its second-quarter, ended June 30, 2008. Net income for the quarter fell 23% to $1.8 billion, or $0.53 per share, down from $2.3 billion, or $0.67 per share in the year-ago period. Revenue rose 16% to $11.5 billion, up from $9.9 billion in the same period last year. Shares of Wells Fargo were up $4.89 to $25.40 in late morning trading.
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