Wells Fargo Q1 Results: Profit shrinks on lower interest income
Wells Fargo\’s profit fell 7% in the first quarter as it became more costly to pay customers for deposits and demand from borrowers declined, the bank reported on Friday.
Tag: profit
JPMorgan Q1 Results: Profit rises 6% even as interest income forecast falls short of predictions
JPMorgan Chase\’s profit rose 6% in the first quarter, although its shares dropped after the bank\’s forecast for its income from interest payments came in below analysts\’ expectations.