Wells Fargo kicks off bank stocks’ earnings season

Wells Fargo & Co (NYSE: WFC), on April 12th, reported a year-on-year decrease in its first-quarter net income for the first earnings report of FY 2024. Net income for the quarter came in at $4,.61 billion, below Q1 of 2023’s $4.99 billion. Diluted earnings per common share were reported to be $1.20. In contrast, Q1 of […]