# Net profit came in at $5.25 billion, or $1.60 per share, in the three months ended March 31.

*fintech · news · 2026-04-14 · MarketScreener*

## Key points

- Wells Fargo's net profit rose to $5.25 billion in Q1 2024 from $4.89 billion last year.
- The lifting of Wells Fargo's $1.95 trillion asset cap has enabled expansion across core businesses.
- Wells Fargo is focusing on credit card and auto loans to drive loan growth in 2024.
- Net interest income increased 5% year-over-year to $12.1 billion in the first quarter.

**Companies:** Wells Fargo
**Countries:** United States, India, Canada

[Read the full story on MarketScreener](https://www.marketscreener.com/news/wells-fargo-profit-rises-on-interest-income-boost-ce7e50dfd889f625)

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