The fourth-largest U.S. lender reported a profit of $4.99 billion, or $1.23 per share, for the quarter ended March 31, compared with $3.79 billion, or 91 cents per share, a year ago. (Reporting by Noor Zainab Hussain and Manya Saini in Bengaluru and Saeed Azhar in New York; Editing by Sriraj Kalluvila)
April 14 (Reuters) - Wells Fargo & Co's profit
rose as it earned more from interest rate payments in the first
quarter, helped by the U.S. Federal Reserve's tighter monetary
policy, the lender reported Friday.
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