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Bullseye Consulting Group

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Wells Fargo shares fall on fears strong first quarter profit may be reduced

April 13, 2018 Robert Harrington

Wells Fargo's earnings beat expectations Friday, but the bank emphasized that the results could be revised depending on the outcome of talks with regulators over a possible $1 billion settlement.

The bank reported a 5.5 percent gain in first-quarter profit. Net income was $5.9 billion, or $1.12 a share beat the average analyst forecast of $1.06 from Thomson Reuters. READ MORE

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rharrington@bullseye.consulting

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