Wells Fargo sees 11% profit hike
Wells Fargo & Co. posted an 11% increase in first-quarter profit, resulting from growth in lending and a higher-net interest margin, which set off increasing credit losses.
Wells Fargo & Co. posted an 11% increase in first-quarter profit, resulting from growth in lending and a higher-net interest margin, which set off increasing credit losses.
The San Francisco-based financial services company said net income rose to $2.24 billion, or 66 cents per share, up from $2.02
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