Earnings Bonanza: Which Bank Impressed?
Both JPMorgan and Wells Fargo reported earnings today, and while both banks beat earnings expectations, they both reported lower revenue, due to declining revenue from the mortgage banking sector. Should investors be viewing this as lackluster results? In this video, Motley Fool financial analysts David Hanson and Matt Koppenheffer discuss why, despite declining revenue, these were both pretty impressive performances.
Wells Fargo's dedication to solid, conservative banking helped it vastly outperform its peers during the financial meltdown. Today, Wells is the same great bank as ever; but with its stock trading at a premium to the rest of the industry, is there still room to buy, or is it time to cash in your gains? To help figure out whether Wells Fargo is a buy today, I invite you to download our premium research report from one of The Motley Fool's top banking analysts. Click here now for instant access to this in-depth take on Wells Fargo.
The article Earnings Bonanza: Which Bank Impressed? originally appeared on Fool.com.David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of JPMorgan Chase & Co. and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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