Wednesday, July 16, 2008

Wells Fargo's Profits Increase

Wells Fargo reported surprisingly higher profits today. Why? Maybe part of the answer is their increased market share since last year. Take a look at their market share in purchase mortgages for 2007 versus year-to-date for 2008. Other banks are due to report their earnings in the next couple of days. Is other good news finally on the way?

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