SAN FRANCISCO - APRIL 16:  A sign is displayed outside of a Wells Fargo bank April 16, 2008 in San Francisco, California. San Francisco-based Wells Fargo and Company, the fifth largest bank in the U.S. , reported an eleven percent drop in first quarter earnings as they continue to struggle with loan losses as the housing market slumps. The company reported earnings of $2 billion, or 60 cents per share, down from $2.24 billion, or 66 cents per share one year ago. Getty Images logo Getty Images 22 months ago

SAN FRANCISCO - APRIL 16: A sign is displayed outside of a Wells Fargo bank April 16, 2008 in San Francisco, California. San Francisco-based Wells Fargo and Company, the fifth largest bank in the U.S. , reported an eleven percent drop in first quarter earnings as they continue to struggle with loan losses as the housing market slumps. The company reported earnings of $2 billion, or 60 cents per share, down from $2.24 billion, or 66 cents per share one year ago.