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Intesa Sanpaolo Profit Rises as Wealth-Management Fees Climb — Update

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Intesa Sanpaolo SpA said Friday its first-quarter profit rose by 12% from a year earlier, mainly reflecting higher fees and commissions that offset declining revenue from lending and insurance. Net profit at Italy's second-largest bank by assets rose to 901 million euros ($984 million) from EUR806 million for the same…

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