Wells Fargo posts $5.8 billion in net income

Wells Fargo reported net income of $5.8 billion in the first quarter, a slight drop from $5.9 billion in the first quarter of 2014. While Wells Fargo’s net income did drop slightly year-over-year, the bank’s net income rose over the fourth quarter of 2014, when the bank reported net income of $5.7 billion.