The company said Thursday that new checking account openings were down 35 percent in March from the same month a year ago. New credit card applications were down 42 percent.
The company posted revenue of
Like Citigroup and JPMorgan Chase, who also reported their results on Thursday, Wells did benefit somewhat from the rise in interest rates since a year ago. The
In September, regulators fined the
Earlier this week, the
There are some signs that the damage from the scandal is dissipating. While March checking account and credit card applications were down from a year ago, they were both up from February. Sloan has said he believes the customer retreat has mitigated from its worst levels in December and January.
Measures of customer loyalty and customer satisfaction were also up in March from February.