- Wells Fargo reports first-quarter earnings per share of 75 cents.
- Revenue increased 5% from the previous quarter, to $21.6 billion.
- Analysts were expecting EPS of 73 cents on revenue of $20.51 billion.
Chip Flannagan has run the Chicago wealth management office since 2007.
BlackRock is one of Wells Fargo's largest institutional investors.
The Wells Fargo fake account scandal continues to develop with new lawsuit.
Managers encouraged hispanic employees to round up illegal immigrants in order to convince them to open accounts.