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Wells Fargo reported record net income of $18.9 billion in 2012, which was up 19 percent from 2011. During the fourth quarter, the bank had record net income of $5.1 billion. The Federal Deposit Insurance Corp. attributes banking’s successful year to higher income and lower provisions for loan losses. (Associated Press)

Wells Fargo reported record net income of $18.9 billion in 2012, which was up 19 percent from 2011. During the fourth quarter, the bank had record net income of $5.1 billion. The Federal Deposit Insurance Corp. attributes banking’s successful year to higher income and lower provisions for loan losses. (Associated Press)

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