Wells Fargoâs first-quarter profit was essentially flat from a year earlier as new customers continue to stay away from the bank following its sales practice scandal.
The company said Thursday that new checking account openings were down 35 percent in March from the same month a year ago. New credit card applications were down 42 percent.
Overall, Wells Fargo reported net income of $5.46 billion, or $1 per share, in the quarter ending March 31, compared with $5.46 billion, or 99 cents per share,...
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