Wells Fargo earns $5.9 billion in quarterly net income

In its first quarter report, Wells Fargo reported net income of $5.9 billion compared with $5.1 billion in the first quarter of 2018. Revenue was $21.6 billion, down from $21.9 billion a year ago. The bank holding company had a return on assets (ROA) of 1.26 percent and return on equity of 12.71 percent.

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