Wells Fargo profit up 13 percent as revenue slip is offset by lower expenses and bad loans

  • Article by: MARCY GORDON , Associated Press
  • Updated: October 11, 2013 - 3:35 PM

Third-quarter profit for Wells Fargo & Co., the biggest U.S. mortgage lender, jumped 13 percent as a decline in revenue from mortgage lending was offset by reduced expenses and fewer soured loans.

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