Wells Fargo 1Q23 Financial Results Earnings April 2023

Wells Fargo reported first quarter 2023 earnings with net income of $5.0 billion and revenue of $20.7 billion, up 17% year-over-year driven by a 45% increase in net interest income. The bank maintained a strong capital position with a CET1 ratio of 10.8% and liquidity coverage ratio of 122%, while managing $1.2 billion in credit loss provisions.