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CHARLOTTE, N.C. (AP) - Wachovia Corp.'s third-quarter earnings soared 32 percent, fueled by strong revenue growth from its acquisition of regional bank SouthTrust Corp. and higher fees and lending income, the bank said Monday.
The Charlotte-based bank, the fourth-largest in the U.S., said its net income was $1.67 billion, or $1.06 per share, in the three months ended Sept. 30. That's up from $1.26 billion, or 96 cents, a year earlier.
Without merger-related charges, Wachovia's third-quarter earnings were $1.09 per share. That beat the consensus estimate of $1.07 per share from analysts polled by Thomson Financial.
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