Wells Fargo , the largest mortgage lender in the U.S., reported record income of $4.1 billion, or 73 cents a share, for the fourth quarter, up 20% from one year ago.
For the full year, Wells earned $15.9 billion, up 28% from 2010.
Revenue at the San Francisco-based bank dipped to $20.6 billion in the fourth quarter from $21.5 billion last year. For all of 2011, revenue dropped to $80.9 billion, down 5% from the prior year
