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Wells Is Now the No. 1 Profit Maker.

Authors :
FITZPATRICK, DAN
RAICE, SHAYNDI
Chaudhuri, Saabira
Source :
Wall Street Journal - Eastern Edition. 1/15/2014, Vol. 263 Issue 12, pC1-C2. 2p. 1 Color Photograph, 1 Graph.
Publication Year :
2014

Abstract

The article discusses the profitability of banking companies J. P. Morgan Chase & Co. and Wells Fargo & Co. A 10% increase in profit for the fourth quarter of 2013 enabled Wells to supplant Morgan as the highest-earning U.S. bank for the year, a position Morgan had held since 2010. Costs associated with lawsuits and settlements diminished Morgan's earnings.

Details

Language :
English
ISSN :
00999660
Volume :
263
Issue :
12
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
93656885