Washington Mutual's purchase of H.F. Ahmanson & Co. will heighten the competition for Wells Fargo & Co., but right now Wells' trust clients are profiting handsomely from the deal.

Wells Fargo Bank has grossed $36 million in the past two weeks on sales of Ahmanson stock on behalf of trust clients, according to filings with the Securities and Exchange Commission. It sold about 473,000 shares in four blocks, ranging in size from 95,000 to 142,000, the filings stated.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.