|
|
Article: Wells Fargo earnings fall 38% (folo) Losses on mortgages cut JPMorgan profit $1.1 billion set aside for problem loans
- Article from:
- International Herald Tribune
- Article date:
- January 17, 2008
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
Reuters
International Herald Tribune
01-17-2008
Wells Fargo earnings fall 38% (folo) Losses on mortgages cut JPMorgan profit $1.1 billion set aside for problem loans
Byline: Reuters
Edition: 5
Section: FINANCE/BUSINESS
Wells Fargo, one of the biggest U.S. mortgage lenders, said Wednesday that its profit fell 38 percent in the fourth quarter, the first decline in more than six years, as more people missed payments on mortgages and home equity loans, Reuters reported from New York.
Shares were up 78 cents, or almost 3 percent, at $27.27 in afternoon trading as the profit decline was smaller ...