Wells Fargo's profit beat expectations in the first quarter as the bank cut costs and set aside less money to cover potential loan losses, but its CEO warned on Friday that U.S. tariffs risk slowing economic growth.

During a conference call Thursday, Wells Fargo economists discussed the economic implications of tariffs. On Wednesday, President Donald Trump paused higher tariffs on most countr

The bank’s stock falls as revenue falls below forecasts, but profit tops as one-time items and share buybacks provided a big boost