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Despite cuts, Wells Fargo is still spending too much American Banker Wells Fargo Keeps Improving, But The Upside Looks Weak (NYSE:WFC) Seeking Alpha Experienced Investing Wells Fargo Set for 16% Upside Despite Recent Selloff 24 7 Wall St. Wells Fargo pledges to cut $8 billion in overhead. Is it enough? American Banker Wells Fargo missed analysts profit estimates as severance costs drove up expenses. , And yet, at the big US banks, customers are spending, saving and investing more. That's good news for the American
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