January 16, 2008

Wells Fargo 4Q profit drops 38 percent (AP)

A customer enters a Wells Fargo Bank in Palo Alto, Calif., in this Jan. 16, 2007 file photo. The bank on Wednesday, Jan. 16, 2008 said fourth-quarter earnings fell 38 percent, hurt by a charge to cover fallout from the subprime loan crisis. (AP Photo/Paul Sakuma, file)AP – Wells Fargo & Co. ended 2007 with its lowest quarterly profit in six years, dragged down by the declining home values and mortgage mess that’s tormenting most of the banking industry.

Filed under Real Estate Blog, Real Estate Business by Yahoo! News: Business - Real Estate

Permalink • Print

Trackback uri

http://www.jolinszsells.com/990/wells-fargo-4q-profit-drops-38-percent-ap/trackback/