Delta Air Lines and Wells Fargo released their latest earnings reports before opening bell this morning. Delta beat consensus on adjusted earnings, coming in at $1.32 per share against consensus at $1.29. It came up short on revenues, however, with $9.25 billion in sales against the consensus of $9.27 billion. In last year’s first quarter, revenue came in at $9.39 billion.

Wells Fargo posted earnings of 99 cents per share, beating consensus by 2 cents, and revenue of $22.2 billion which also beat the consensus at $21.54 billion.

Delta Air Lines, Inc., Wells Fargo Company  Beat EPS Estimates

Currencies weigh on Delta Air Lines’ passenger results

Delta Air Lines’ reported earnings rose from 90 cents per share last year to $1.21 per share in this year’s first quarter. Currency headwinds and a $5 million impact relating to the Brussels terror attack drove pressure on operating revenue during the first quarter as passenger revenues fell 4.6% to $7.8 billion. Mainline revenue climbed to $4.2 billion, while regional revenue fell to $1.3 billion. Cargo revenue fell to $162 million, while other revenue climbed to $1.3 billion.

Delta Air Lines management guided for passenger revenue against flight capacity to fall by between 2.5% and 4.5% for the first quarter, compared to the first quarter’s 4.6% decline. They expect system capacity to climb by 2% to 3% in the second quarter.

Delta Air Lines shares rose 2.23% to $49.15 in premarket trading.

Wells Fargo misses on net interest income

Wells Fargo reported net interest income of $11.7 billion, a $79 million increase that came up a bit short of the consensus at $11.76 billion. Return on assets was 1.21%, while return on equity was 11.75%. The bank added $30.8 billion in loans and leases from its GE Capital acquisitions and recorded a 7% increase in total average loans, which brought them to $927.2 billion. Total average deposits climbed 4% year over year to $1.2 trillion. Wells Fargo added $200 million to its reserves with its oil and gas portfolio weighing on its reserves.

The Community Banking segment saw revenues climb from $12.1 billion in the year-ago quarter to $12.6 billion in this year’s first quarter, while the Wholesale Banking division saw revenues edge lower from $2 billion to $1.9 billion. The Wealth and Investment Management division’s revenue slid from $529 million last year to $512 million this year.

Wells Fargo shares dipped 0.45% to $48.83 in premarket trades this morning.