Wells Fargo net income falls 2.7% to $5.6 bn
US-based Wells Fargo on Friday reported a 2.7% decline in its net income to $5.6 billion as against the year-ago period. Further, the lender's revenue rose 2% to $22.3 billion during the period under review. Notably, Wells Fargo's shares have declined by 10% since the bank agreed to a $190 million settlement for opening over 2 million fake accounts.