Oct 12 (Reuters) – Wells Fargo & Co on Friday
reported higher third-quarter profits on a surge in mortgage
lending.
The fourth biggest U.S. bank said net income was $4.9
billion, or 88 cents a share, in the quarter, up from $4.1
billion, or 72 cents a share, in the same period a year earlier.
Wells is the largest U.S. mortgage lender.