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Wells Fargo posts Q1 net income applicable to common stock of $5.09B

on April 14reported first-quarter net income applicable to common stock of $5.09 billion, or99 cents per share, and total revenue of $22.20 billion.

In comparison,the company reported net income applicable to common stock of $5.46 billion, or$1.04 per share, in the year-ago period, and total revenue of $21.28 billion.