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Empresas y finanzas

Wells Fargo profit rises 1.7 percent, mortgage originations increase


    (Reuters) - Wells Fargo & Co , the fourth largest U.S. bank and biggest mortgage lender, reported a 1.7 percent rise in third-quarter profit as its mortgage business became less of a drag.

    The San Francisco bank's net income applicable to common shareholders rose to $5.41 billion, or $1.02 per share, in the three months ended Sept. 30 from $5.32 billion, or 99 cents per share, a year earlier.

    Revenue rose 3.6 percent to $21.21 billion. Mortgage originations rose by $1 billion to $48 billion.

    (Reporting by Tanya Agrawal in Bangalore; Editing by Ted Kerr)