Wells Fargo reported Q1/17 net income of $5.46 billion on revenue of $22.0 billion, in line with $5.46 billion and $22.2 billion in Q1/16.
The bank noted Q1/17 global C&I average loan balances of $330.1 billion were up 7.44% from $307.2 billion a year earlier. Interest income of $2,809 million was up from $2,435 million in Q1/16. Q1/17 yields of 3.59% and 2.73% on U.S. and non U.S. C&I loans, respectively were up from 3.39% and 2.10% a year earlier. Non-U.S. based C&I loans represented about 17% ($55.3 billion) of the total C&I loan portfolio in Q1/17, up 16% a year earlier.
