Can you beat 50% per month? Message Board

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Strategies & Market Trends : Can you beat 50% per month?

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To: Real Man who wrote (12709)	1/16/2008 8:11:25 AM
From: Smiling Bob	Read Replies (2) of 19257

Wells Fargo quarterly profit falls Wednesday January 16, 8:08 am ET NEW YORK (Reuters) - Wells Fargo & Co (NYSE:WFC - News) on Wednesday said fourth-quarter profit fell, the first decline in more than six years, hurt by rising losses from home equity loans. Credit losses are mounting industrywide as the U.S. housing sector slumps and credit markets tighten. Wells Fargo is the nation's fifth-largest bank and second-largest mortgage lender. Net income for the San Francisco-based bank fell to $1.36 billion, or 41 cents per share, from $2.18 billion, or 64 cents, a year earlier. (Reporting by Jonathan Stempel; Editing by Mark Porter)

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