Wells Fargo Reports Better-than-Expected Q1 Earnings
1. WFC posted Q1 EPS of $1.39, exceeding expectations. 2. Revenue decreased to $20.15 billion, below analyst forecasts. 3. Net interest income fell to $11.50 billion, missing estimates. 4. CEO anticipates a slow economy due to tariffs and market uncertainty. 5. WFC shares gained 12% in the past year, stable in premarket.