Oct 12 (Reuters) - Wells Fargo & Co on Fridayreported higher third-quarter profits on a surge in mortgagelending.
The fourth biggest U.S. bank said net income was $4.9billion, or 88 cents a share, in the quarter, up from $4.1billion, or 72 cents a share, in the same period a year earlier.
Wells is the largest U.S. mortgage lender.
(Reporting By Rick Rothacker in Charlotte, N.C.; Editing byJeffrey Benkoe)
Keywords: WELLSFARGO EARNINGS/