Wells Fargo reports strong Q1 earnings, lower revenue - Wells - TopicsExpress

Wells Fargo reports strong Q1 earnings, lower revenue - Wells Fargo & Co. (NYSE:WFC), the biggest U.S. mortgage lender, posted a better-than-expected 14 percent increase in first quarter profit as it continued to trim provisions for bad loans. Net income increased to $5.89 billion, or $1.05 per share, in the three months ended March 31, from $5.17 billion, or 92 cents per share, in the year-earlier period, the San Francisco, California-based firm said in a statement to... ow.ly/2FzUHT

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