Wells Fargo reported a Q1/16 net income of $5.46 billion, down from $5.80 billion for Q1/15. Total revenue for the period of $22,195 million was up from $21,278 million in Q1/15.
Wells Fargo stated in its Q1/16 report that it had added $30.8 billion of loans and leases from GE Capital acquisitions, i.e., $4.1 billion from a rail car portfolio and $26.7 billion from commercial and industrial loans and leases.
