Wells Fargo reports first quarter gains

Updated:

Loading
CHARLOTTE, N.C. —

Wells Fargo reported an increase in income in the first quarter Friday morning.

The bank is reporting $5.9 billion in net income, up from $5.2 billion the same time last year.

The CFO said he's pleased with how loans, deposits and investments performed.

JP Morgan Chase reported a drop in first quarter profits Friday, down to $4.8 billion.