Updates
** Wells Fargo's WFC.N reports a rise in Q1 profit, helped by strength in its wealth management business
** Shares of the major U.S. lender, however, fall 2.9% to 61.26, amid another bout of tariffs-induced selloff
** Investment advisory fees and brokerage commissions rise 7%
** Co's net income rose 5.8% to $4.89 billion
** Net interest income fell 6% in Q1
** Co reiterates 2025 NII growth forecast of 1% to 3%
** WFC shares are down 10.2% YTD, compared to a 10.4% fall in the S&P 500 .SPX; shares rose 42.7% in 2024
(Reporting by Ateev Bhandari in Bengaluru)
((ateev.bhandari@thomsonreuters.com))
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