Wells Fargo posts higher profit

By @ibtimes on

Wells Fargo & Co , the fourth-largest U.S. bank, reported an increase in profit in the first quarter.

Net income due to common stockholders rose to $3.57 billion, or 67 cents per share, from $2.37 billion, or 45 cents per share, a year earlier.

Revenue fell to $20.33 billion from $21.45 billion.

(Reporting by Philipp Gollner; editing by John Wallace)

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