In Q1 2024, Wells Fargo reported better-than-expected earnings, driven by noninterest income and lower credit losses.

Wells Fargo reported better-than-expected Q1 2024 earnings, driven by noninterest income and lower credit losses. The bank's CEO, Charlie Scharf, said during the earnings call that they continue to see strength in the US economy, with spending patterns and consumer credit performing well. Wells Fargo also remains committed to increasing efficiencies and targeted investments in credit card, banking, and trading.