Wells Fargo postsfirst quarterly loss
Bloomberg
The fourth-quarter net loss of $2.55 billion, or 79 cents a share, compares with profit of $1.36 billion, or 41 cents, a year earlier, the San Francisco-based company said Wednesday. Wachovia recorded a loss of $11.2 billion. Wells Fargo shares had tumbled 45 percent in 2009 through Wednesday.
