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Wells Fargo expects record $3B profit in first quarter

Wells Fargo & Co. said today it expects record first-quarter earnings of $3 billion, easily surpassing analysts' estimates and providing an encouraging sign for the banking industry.

Wells Fargo & Co. said today it expects record first-quarter earnings of $3 billion, easily surpassing analysts' estimates and providing an encouraging sign for the banking industry.

Wells Fargo is the first major U.S. bank to give an indication of how the first-quarter looked, and the unexpected

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