April 9, 2009 2:58 PM

Wells Fargo's first-quarter profits send stocks surging

Wells Fargo & Co. surprised the markets Thursday in a good way, predicting a record $3 billion profit for the first quarter and reaffirming strong support for its Dec. 31 purchase of Charlotte's Wachovia Corp. Investors expressed their approval: The Dow Jones Industrial Average closed up 246 points, or 3 percent.

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