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KM Financial Solutions | UPDATE 3-Wells Fargo lowers expected earnings hit from regulatory cap on assets
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UPDATE 3-Wells Fargo lowers expected earnings hit from regulatory cap on assets

09 May UPDATE 3-Wells Fargo lowers expected earnings hit from regulatory cap on assets

Posted at 14:59h in News by
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BOSTON, May 10 (Reuters) – Wells Fargo & Co on
Thursday said a cap on asset growth imposed by regulators after
various sales practices scandals would hurt earnings less that
it expected this year, and forecast 2019 expenses below Wall
Street expectations.

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