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12. Wells Fargo
12. Wells Fargo
Fortune 500 rank: 23
2010 profit: $12.4 billion

Wells Fargo showed again why it's on the short list of banks to come out of the financial crisis stronger. Wells led all banks in mortgage lending during 2010, after weaker competitors got wiped out during the downturn and others were busy improving their balance sheets.

Wells' losses on bad loans have been dramatically lower than those of competitors, it says, because of prudent lending standards. That same cautious approach explains why Wells doesn't expect to be hampered by the foreclosure documentation scandal engulfing many of the large banks.



NEXT: 13. Coca-Cola
Last updated May 10 2011: 8:38 AM ET
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