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| | Big Quarters for Wells Fargo, Bank One (Site not responding. Last check: 2007-11-05) |
 | | Bank One, which is merging with J.P. Morgan Chase (JPM:NYSE - news - research), posted a profit of $1.2 billion, or $1.09 a share, a 50% increase of a year ago, when it earned $818 million, or 71 cents a share. |
 | | The Chicago-based bank, in its earnings release, said the quarter's profit numbers were aided by a number of "significant items" that added 22 cents a share, or $247 million in after-tax earnings, to the bottom line. |
 | | Bank One was able to release those reserve funds because of significant improvement in the level of bad loans in its portfolio. |
| www.thestreet.com /stocks/banking/10155027.html (368 words) |
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