Monday, April 16, 2007

Wachovia first-quarter profit rises 33 pct

(Reuters) - NEW YORK, April 16 - Wachovia Corp. , the fourth-largest U.S. bank, on Monday said first-quarter profit rose 33 percent, helped by growth in commercial and consumer lending and the acquisition of Golden West Financial Corp.

Net income for the Charlotte, North Carolina-based company rose to $2.3 billion, or $1.20 per share, from $1.73 billion, or $1.09 per share, a year earlier.


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