Here's Why Wells Fargo Profit Fell

The video discusses Wells Fargo's financial performance, focusing on its exposure to the oil and gas industry. The bank has significant loans in this sector, leading to increased provisions and a decline in profits. The net interest margin has also been pressured by low interest rates. Despite these challenges, Wells Fargo remains a major player in mortgage lending, with a slight increase in income from this area.

What was the amount of outstanding loans Wells Fargo had to the oil and gas industry at the end of the first quarter?

How much did Wells Fargo's provisions increase from a year earlier due to energy exposure?

What was the net income of Wells Fargo compared to the previous year?

What impact did low interest rates have on Wells Fargo's net interest margin (NIM) this quarter?

What percentage of home loans did Wells Fargo originate at the end of last year?