Friday, July 20, 2007

Wachovia quarterly profit rises 24pct

(Reuters) - NEW YORK, July 20 - Wachovia Corp. , the fourth-largest U.S. bank, said on Friday its second-quarter profit rose 24 percent, helped by growth in lending and the purchase of Golden West Financial Corp.



Net income for the Charlotte, North Carolina-based company was $2.34 billion, or $1.22 per share, up from $1.88 billion, or $1.17 a share, a year earlier.


Read more at Reuters.com Market News

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