Wells Fargo beats estimates

April 14, 2015 12:27 PM

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Wells Fargo, the third largest U.S. bank by assets, reported first-quarter earnings of $5.8 billion, or $1.04 per share Tuesday. Analysts expected 98 cents per share.

Despite beating analysts' expectations, the bank's first-quarter earnings per share were still a penny less than a year earlier, a rare miss for the company. Shares fell 39 cents, or 0.71%, to $54.20 in premarket trading.

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