Reining in Costs Wells Fargo's Project Compass, which started late last year, is now showing its impact on the bottom line. The bank cut down non-interest expenses for the quarter to $12.4 billion, well below the first-quarter figure of $13 billion, and also lower than $12.5 billion for the same period last year. The reduction helps build confidence on the bank's plans to reduce quarterly costs to $11 billion by the end of the year, a significant addition to its total value. Click here to find out how a company's products have an impact on its stock price at Trefis. Like our charts? Embed them in your own posts using the Trefis Wordpress Plugin. This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.