Wells Fargo earns $394M, says confidence growing that worst of credit downturn is overWells Fargo & Co. on Wednesday took a more optimistic view than other banks about the outlook for the loan business and the economy as it reported a surprise $394 million profit for the fourth quarter. The ...

US banking giant Wells Fargo reported strong profits for 2009 following its integration of smaller rival Wachovia and repayment of a 25-billion-dollar taxpayer bailout. Wells Fargo posted net income of 2.82 billion dollars in the fourth quarter on record revenue of 22.7 billion dollars, up an annualized 4 ...

NEW YORK (Reuters) - Wells Fargo & Co <WFC.N> swung to a fourth-quarter profit on a pickup in fee income, even as it repaid $25 billion in bailout funds to the U.S. government. The fourth-largest U.S. bank by assets reported a profit of $2.82 billion ...

NEW YORK (Reuters) - Prudential Financial Inc <PRU.N> said on Thursday it completed the planned sale of its minority stake in a retail brokerage to Wells Fargo & Co <WFC.N> for $4.5 billion in cash. The second-largest U.S. life insurer also received $418 ...