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Wells Fargo's Net Income, Revenues Slide

Editorial Staff

15 April 2020

business, total revenue stood at $3.715 billion, sliding from $4.079 billion a year before; segment net income fell to $463 million from $577 million. Total assets under management fell by 12 per cent at the end of March this year from a year before, at $1.6 trillion, mainly dragged down by weaker markets as the virus and suppression measures struck. Within wealth management, assets stood at $213 billion, falling by 8 per cent.