Wells Fargo Beats Profit Estimates but Misses on Revenue. The Stock Falls. – Barrons

Wells Fargo stock was falling Thursday after the bank reported mixed first-quarter earnings.

Wells Fargo (ticker: WFC) reported an adjusted profit of 88 cents a share, beating forecasts for 81 cents a share, on revenue of $17.6 billion, below expectations for $17.8 billion.

Wells Fargo stock was down 5% to $46.05 on Thursday. The stock has…

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