Wells Fargo Profit Up; Mortgages Weigh
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Wells Fargo &amp; Co. (WFC.N: Quote, Profile, Research) , the No. 4 US bank, on Tuesday said third-quarter profit rose 12 percent, helped by growth in both lending and sales of new products to existing customers.
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The Dow Jones industrial average rose on Thursday after economic bellwether Honeywell International raised its profit forecast, offsetting doubts about whether a global plan to thaw credit markets could work.
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U.S. investment bank Lehman Brothers  Holdings Inc. LEH.N on Wednesday said fourth-quarter profit  rose 22 percent on continued strength from fixed-income  businesses and record investment banking revenue.
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Countrywide Financial Corp ,  whose shares have tumbled amid worries about the largest U.S.  mortgage lender's survival prospects, on Wednesday said it made  more loans than it expected in the fourth quarter, though  homeowner foreclosures and delinquencies rose.
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Molson Coors Brewing Co.   said on Thursday that quarterly net income rose, helped by higher pricing and volume growth.
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Investment bank Lehman Brothers  Holdings Inc. said on Wednesday first-quarter profit rose 14  percent, as real estate and strong equity markets helped lift  trading profits even with weakness in subprime mortgages.
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Investment bank Lehman Brothers Holdings Inc. said on Wednesday first-quarter profit rose 14 percent, as real estate and strong equity markets helped lift trading profits even with weakness in subprime mortgages.
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Wells Fargo & Co.  and U.S.  Bancorp  recorded higher second-quarter profits, leading  a batch of bank earnings on Tuesday, as higher fees offset  pressure on lending margins from rising interest rates.
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Stocks jumped on Friday, driving the Nasdaq up 2 percent briefly and S&P 500 up 1 percent, after lender Countrywide Financial Corp.  said it expects to return to profitability this quarter, easing some fears about financial sector losses.
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Stocks rose on Thursday after a Wall Street Journal report that Bank of America  is in talks to buy mortgage lender Countrywide Financial Corp  sent financial stocks higher.
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Lehman Brothers Holdings Inc., the fifth-biggest US securities firm, said quarterly profit rose 22 percent, exceeding analysts&#39; estimates, and earnings in 2005 may be higher than this year&#39;s record.
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Investment bank Lehman Brothers  Holdings Inc.  on Tuesday said its second-quarter profit  rose 27 percent as surging bond underwriting and stock trading  revenue more than made up for bond trading results hurt by U.S.  mortgage weakness.
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NEW YORK - Strong earnings from financial services companies and upbeat economic data pushed stocks higher Tuesday, but many investors clung to the sidelines ahead of the Federal Reserve's decision on interest rates, expected later in the session.    In morning trading, the Dow Jones industrial average was up 7.52, or 0.1 percent, at 10,212.41...
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Molson Coors Brewing Co.   reported higher-than-expected quarterly profit on Thursday, aided by higher pricing and volume growth and an extra selling week.
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U.S. stocks climbed on Tuesday after  several banks, including Bank of America Corp. BAC.N, posted  increased fourth-quarter profits, while oil prices retreated  from seven-week highs, easing worries about steep energy costs.
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Profit at No. 4 bank rises, but misses estimates as revenue from home loans tumbles 40 percent. NEW YORK  - Wells Fargo &amp; Co.
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Mortgage rates crept higher this week on news of good job growth in August, according to a survey conducted by mortgage buyer Freddie Mac.