• Wells Fargo reports first quarter gains


    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.

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