CNBC Investing Club

Wells Fargo stumbled this quarter, but our investment thesis on the bank remains intact

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Wells Fargo (WFC) reported disappointing first-quarter results before the opening bell Thursday. 

Total revenue of $17.59 billion, a decrease of 5% year-over-year, missed the FactSet consensus estimate of $17.80 billion. And adjusted earnings per share of $0.88, down 13.7%, beat estimates of $0.80. 

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