JPMorgan Chase reported a rise in profit in the first quarter due to increased interest income. In contrast, Wells Fargo's profit declined as it earned less from customer interest payments, leading to a more than 7% shrinkage.
Wells Fargo’s profit shrinks more than 7% in first quarter on lower interest income https://t.co/hPsVRmaEdK
Wells Fargo earnings top estimates even as lower interest income cuts into profits https://t.co/eKyMFjDoYL
Wells Fargo profit shrinks more than 7% on lower interest income https://t.co/Z3KxFNy5Fz https://t.co/UEPgcbAy8X
Wells Fargo shares fall as lower interest income cuts into profits https://t.co/lS22sH27cq
⚠️ WELLS FARGO PROFIT SHRINKS ON LOWER INTEREST INCOME Full Story → https://t.co/AuPqoGzgLx Wells Fargo's profit fell as it earned less from customer interest payments in the first quarter. https://t.co/XWHTHa6sKL
⚠️ JPMORGAN'S PROFIT RISES ON INTEREST INCOME STRENGTH Full Story → https://t.co/qq74O0pSjU JPMorgan Chase's profit rose in the first quarter as it earned more from interest payments, the bank said on Friday. https://t.co/aAqLNgsCPC