*U.S. BANK GIANTS GET BOOST FROM RATE RISES, KEEP STORM CLOUDS AT BAY WITH MORE EARNINGS ON TAP THIS WEEK $DIA $SPY $QQQ 🇺🇸🇺🇸
The KBW regional bank index finished down 2.2%.
The bank also reported a surge in deposits in the first quarter, as fears over the health of regional lenders drove customers to move their money to bigger banks. Wells Fargo set aside $1.21 billion in the quarter to cover potential loan losses, compared to a release of $787 million a year earlier.
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