Wells Fargo Beats Estimates, But Profit Declines

April 14, 2015 4:37 PM

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Wells Fargo Wells Fargo reported a slight decline in its first quarter profit on Tuesday, but still beat estimates as lower interest rates galvanized an increase in refinancing activity.

The country’s fourth-largest bank was one of the first big financial institutions to report earnings this season, along with JP Morgan, which also issued earnings before the bell.

Also read: Banking Brokers Boost Morgan Stanley’s Wealth Unit

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