The Banking and Strategy Initiative

Chillin' out till it needs to be funded

Bank Earnings Season: Another.. more big bank stuff from Wells Fargo (US:WFC)

Wells Fargo came in bang on call at $21.2 Bln in Topline and Non interest Expenses of $12.2 Bln again better than the linked quarter and the high ROA comparing well with performing Mid sized regional banks like PNC Financial and US Bank on RoA and ROE which is a great 13% . However the bank remains a poor wannabe in Investment Banking which will turn for the better as Goldman Sachs and JP Morgan also get over the interest rate hump.

 

JP Morgan reports Tuesday and US Bank makes for a 8 am ‘uprising’ again on Wednesday with Citi on Monday and Goldman Sachs reports between 7 am and 8 am on Tuesday with earnings calls taking all morning

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This entry was posted on July 11, 2014 by in Uncategorized.

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