Wells Fargo Wealth Management saw client assets rise to $217 billion in the first quarter of 2014, 6% higher than the same period in the previous year.
Overall, Wells Fargo saw net income of $5.9 billion this quarter, a 14% jump compared to the first quarter of 2013. However, revenue was $20.6 billion, a small drop from the $21.3 billion revenue created in the same period last year.
Go deeper with GlobalData
John Stumpf, chief executive, said: "Our solid first quarter results again demonstrated the ability of our diversified business model to perform for shareholders. As we move forward in 2014, I am optimistic about the opportunities ahead and believe that we are well positioned for growth."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
