Wells Fargo & Co.’s (NYSE: WFC) first-quarter earnings took a hit as the financial-services industry grapples with economic fallout from the novel coronavirus. This morning, the bank reported net income of $653 million, or 1 cent per diluted share, for the first quarter of 2020. Revenue for the quarter came to $17.7 billion, an 18% drop year over year. By comparison, Wells Fargo posted net income of $5.9 billion, or $1.20 in diluted earnings per share, in the first quarter of 2019. Wells…
from https://www.bizjournals.com/baltimore/news/2020/04/14/covid-19-takes-a-toll-on-wells-fargos-first.html?ana=RSS&s=article_search
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