fintech / news / / MarketScreener
Net profit came in at $5.25 billion, or $1.60 per share, in the three months ended March 31.
Wells Fargo's net profit rose to $5.25 billion in Q1 2024 from $4.89 billion last year.
KEY POINTS
- 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
Summarized by Newsio from MarketScreener. How we summarize →