Wells Fargo reported Q1/19 net income of $5.9 billion was up from $5.1 billion in the same quarter in 2018. Earnings per share of $1.21 exceeded analysts’ expectations of $1.10.
Wells releases the following C&I Lending and Lease Financing results:
Interim Chief Executive Officer Allen Parker said, “Since assuming this role, I have been focused on leading our company forward by emphasizing my top priorities: serving our customers and supporting our Wells Fargo team members; meeting and exceeding the expectations of our regulators; and continuing the important transformation of the company.
We have more work ahead of us, and our strong leadership team is dedicated to making our company the most customer-focused, efficient, and innovative Wells Fargo ever.”
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