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 CHARLOTTE, N.C. (AP) - Wachovia Corp., the nation's fourth-largest bank, said Thursday its earnings rose 18 percent in the final quarter of the year, fueled largely by strong growth in fees, deposits and loans.
The Charlotte-based bank's net profit rose to $1.71 billion, or $1.09 per share, in the October-December period from $1.45 billion, or 95 cents per share, a year earlier.
Excluding merger and restructuring charges, the Charlotte-based bank would have earned $1.74 billion, or $1.11 per share, which matched Wall Street's expectations, according to figures from Thomson Financial. Revenue was $6.56 billion, slightly under analysts' projections.
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