JPMorgan Chase and Wells Fargo reported their first-quarter earnings, showcasing a mixed financial landscape for two of the largest U.S. banks. JPMorgan surpassed expectations with an earnings per share (EPS) of $4.44, against the anticipated $4.11, and reported a revenue of $42.55 billion, exceeding the forecast of $41.85 billion. The bank also highlighted a lower-than-expected provision for credit losses at $1.88 billion against the estimated $2.78 billion, and a slight miss in loans at $1.31T and total deposits figures at $2.43T compared to expectations. Wells Fargo, on the other hand, reported an EPS of $1.20, beating the forecast of $1.08, with a revenue of $20.86 billion against the expected $20.21 billion. However, Wells Fargo's net interest income fell 8% to $12.23 billion, indicating a decrease in earnings from customer interest payments. Both banks are navigating a challenging financial environment, with JPMorgan experiencing a drop in shares by 4.2% after reporting net interest income that missed analyst estimates and raising expense guidance, while Wells Fargo continues to see a decline in net interest income, with shares dropping by 2.5%.