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Prospect News home > News index > List of issuers W > Headlines for Wells Fargo & Co. > News item |
S&P: No change to Wells
Standard & Poor's said its ratings on Wells Fargo & Co. are unaffected by the company's strong first-quarter results.
According to S&P, the company generated $6.6 billion in pretax income, up 23.4% year over year. Credit quality also continues to improve, but the rate of improvement is moderating as losses return to more normal levels, the agency said.
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