wells-fargo-quarterly-profit-declines-48%

Wells Fargo Quarterly Profit Declines 48%

Wells Fargo & Co. said Friday that its second-quarter profit declined 48%.

The San Francisco-based bank said it made $3.12 billion in the quarter, down from $6.04 billion a year ago. Per-share earnings totaled 74 cents, below the 80 cents expected from analysts polled by FactSet.

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