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Wells Fargo & Co Earnings Advance In Q1

Wells Fargo & Co (WFC) revealed a profit for its first quarter that advanced from the same period last year.

The company's bottom line totaled $5.51 billion, or $1.20 per share. This compares with $4.73 billion, or $0.96 per share, in last year's first quarter.

Analysts had expected the company to earn $1.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.5% to $21.61 billion from $21.93 billion last year.

Wells Fargo & Co earnings at a glance:

-Earnings (Q1): $5.51 Bln. vs. $4.73 Bln. last year.
-EPS (Q1): $1.20 vs. $0.96 last year.
-Analysts Estimate: $1.09
-Revenue (Q1): $21.61 Bln vs. $21.93 Bln last year.

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