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Wells Fargo Profit Rises 13%, as Revenue Increases -
April 13, 2012
"Wells Fargo, one of the nation’s largest consumer lenders, posted a 13 percent increase in first-quarter profit on Friday, the latest in a series of upbeat report cards for the bank. Wells Fargo, which is based in San Francisco, reported earnings of $4.2 billion, or 75 cents a share, as its loan portfolio continued to improve. The results — partially helped by the bank’s decision to set aside less in reserves to cover troubled loans — narrowly beat the 73 cents a share that analysts were forecasting." -
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