Wells Fargo reports lower profit in 1st quarter

April 14, 2015 12:26 PM

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Wells Fargo reports lower profit in 1st quarter

Wells Fargo said Tuesday it made $5.8 billion in profit in the first quarter, down from $5.9 billion a year ago.

The San Francisco-based lender earned $1.04 a share, beating Wall Street's consensus estimates for 98 cents. It earned $1.05 a year ago.

Also read: Warren Buffett Has a Paper Gain of $13.5 Billion From His Bank of America Bet

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