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Wells Fargo suffering from weight of Wachovia s mortgage losses

Wells Fargo suffering from weight of Wachovia s mortgage losses

Summary: Shares of Wells Fargo whose purchase of Wachovia closed Dec 31 are off 45 this year Eyes will be on its earnings report due today As the banking industry went from bad to worse in 2007 and 2008 Wells Fargo Co looked like a strong man among weaklings its balance sheet relatively resilient to the mortgage meltdown and economic contraction

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