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Wells Fargo 3rd-qtr profit rises on mortgage lending surge

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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)

((rick.rothacker@thomsonreuters.com)(+1 704 998 2504)(ReutersMessaging: rick.rothacker.reuters.com@reuters.net))

Keywords: WELLSFARGO EARNINGS/