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Wells Expects $3 Billion Q1 Return to Green 

Apr 09, 2009By

Finally, a bit of good news from the banking industry. Wells Fargo & Co. [stock WFC][/stock] on Thursday said it expects to post a record net income of $3 billion — or 55 cents per share — in its first-quarter earnings statement, which is due out April 22. The expected gain would come after accounting for $372 million in dividends paid to the Treasury Department on its TARP capital investment.

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