Thursday, January 20, 2011

Profits up at Wells Fargo

Wells Fargo posted a $3.4 billion profit in the fourth quarter of 2010. They're the largest bank in Iowa. Wells Fargo Home Mortgage, whose headquarters are in West Des Moines, reported $128 billion in new and refinanced mortgages in the fourth quarter, which is a 27 percent increase over the third quarter of last year.

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