Daily Business News
Monday, October 16, 2006
  Wachovia profit rises as revenue falls short (Reuters)

The entrance to the Wachovia Bank in McLean Virginia is seen in this October 7 2003 file photo. Wachovia Corp. the No. 4 U.S. bank on Monday said third-quarter profit rose helped by growth in lending income. (Kevin Lamarque/File/Reuters)Reuters - Wachovia Corp. said on Monday that third-quarter profit increased 13 percent as loan demand rose yet revenue fell short of forecasts as lending margins declined sending shares of the No. 4 U.S. bank lower.


  12:08 PM
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