Wells Fargo said Tuesday it made $5.8 billion in profit in the first quarter, down from $5.9 billion a year ago.
The San Francisco-based lender earned $1.04 a share, beating Wall Street's consensus estimates for 98 cents. It earned $1.05 a year ago.
20:20 Microsoft's quarterly profit rises 27.8 percent4
20:12 Amgen first-quarter profit exceeds Street estimates on lower costs16
06:33 SAP first-quarter core profit up 8 percent on accelerating cloud sales27
21:12 Number of U.S. bank branches to shrink 20 percent in five years: real estate report20