Wells Fargo shares fall as lower interest income cuts into profits

A woman walks past Wells Fargo bank in New York City, U.S., March 17, 2020.Wells Fargo shares fell Friday after the bank reported first-quarter earnings that showed a decline in interest income.Wells said its net interest income decreased 8% in the quarter, due to the impact of higher interest rates on funding costs, including the impact of customer migration to higher yielding deposit products.Here's how the company performed compared with what Wall Street was anticipating, based on a survey of analysts by ...