National

April 10, 2009 7:40 AM

Maybe Wells Fargo's Wachovia purchase wasn't a bad idea

Wells Fargo's surprise announcement Thursday predicting record quarterly profits of $3 billion means the bank is reaping benefits from its Dec. 31 purchase of Wachovia, analysts said. But the good news from Wells doesn't mean the end of the financial crisis is in sight, they added.

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