Wells Fargo posts higher profit

SAN FRANCISCO (Reuters) - Wells Fargo & Co <WFC.N>, the fourth-largest U.S. bank, reported an increase in profit in the first quarter.

Net income due to common stockholders rose to $3.57 billion, or 67 cents per share, from $2.37 billion, or 45 cents per share, a year earlier.

Revenue fell to $20.33 billion from $21.45 billion.

(Reporting by Philipp Gollner; editing by John Wallace)