Wells Fargo profit up, revenues down
Wells Fargo & Co. said today that its third-quarter profit rose 21 percent to $4.1 billion, or 72 cents a share, from $3.34 billion, or 60 cents a share, in the year-ago period, as expenses fell. Revenues fell to $19.6 billion, from $20.9 billion. Wall Street analysts expected Wells Fargo to earn 72 cents a share on revenues of $20.2 billion, according to a survey by FactSet Research, MarketWatch reported.
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