CORRECTED-UPDATE 1-Wells Fargo profit falls as expenses rise

April 14, 2015 12:32 PM

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April 14 (Reuters) - Wells Fargo & Co, the largest U.S. mortgage lender, reported a 2.6 percent fall in quarterly profit as expenses rose and the bank set aside more money to cover bad loans.

Shares of the fourth-largest U.S. bank by assets fell about 0.5 percent to $54.38 in premarket trading on Tuesday.

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