From The San Francisco Chronicle

Wells Fargo & Co. reported a $2.83 billion loss in the fourth quarter on Wednesday, revealing signs of strain as the San Francisco banking giant digests Wachovia Corp.’s enormous book of toxic loans and grapples with a worsening economy

Still, the numbers were better than most analysts had expected and the company maintained its dividend and said it didn’t plan to seek additional government bailout funds, all subjects of rampant speculation in recent days

Call Now