(Reuters) -Wells Fargo's ( WFC ) profit fell 7% in the first quarter on Friday as it became more costly to pay customers for deposits and demand from borrowers declined. Still, adjusted profit of $1.26 per share came ahead of analysts' estimates of $1.11, according to LSEG data, helped by a nearly 5% revenue growth in its banking unit. Wells...

April 12 (Reuters) - Wells Fargo's ( WFC ) profit fell more than 7% as it earned less from customer interest payments in the first quarter, sending its shares down 3% in premarket trading. Net income declined to $4.62 billion, or $1.20 per share, for the three months ended March 31, the lender reported on Friday. That compared with $4.99...

07:55 AM EDT, 04/12/2024 (MT Newswires) -- US equity futures were lower Friday as major banks kicked off the Q1 earnings season. Dow Jones Industrial Average futures slipped 0.2%, S&P 500 futures fell 0.3%, and Nasdaq futures were down 0.5%. JPMorgan Chase ( JPM ) , and Wells Fargo ( WFC ) released quarterly earnings earlier in the morning. Citigroup...

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * BlackRock ( BLK ) gains on Q1 profit rise * Wells Fargo ( WFC ) falls after Q1 profit drop * Futures down: Dow 0.33%, S&P 0.50%, Nasdaq 0.63% (Updated at 6:55 a.m. ET/ 1055 GMT) By Shashwat Chauhan...