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Wells Fargo tops Wall Street 1Q targets, earning $5 billion

Por: ABC News Business April 14, 2023

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Wells Fargo beat sales and profit targets in the first quarter compared with a year earlier, boosted by higher interest rates. The quarter saw the collapse of two banks that rattled the financial sector and the broader . Wells Fargo participated with other banks in pumping $30 billion in deposits into First Republic Bank in a so far successful effort to prevent a third failure. Wells said Friday that it earned $5 billion, or $1.23 per share, in... + full article



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