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Wednesday January 19, 06:49
Wachovia Corp. said on Wednesday its fourth-quarter profit rose 32%
(by Mark Riley)

Wachovia Corp. said on Wednesday its fourth-quarter profit rose 32% Wachovia Corp. said on Wednesday its fourth-quarter profit rose 32% on rising investment and banking fees. Income rose to $1.45 billion, or 95 cents per share, from $1.1 billion, or 83 cents, in the previous year. Excluding merger costs, earnings to 99 cents a share. Analysts had been expecting 98 cents per share. Revenue rose 11% to $6.16 billion, from $5.56 billion.
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