Big Banks Stumble

First-quarter results came in today for Wells Fargo (NYSE: WFC  ) and JPMorgan Chase (NYSE: JPM  ) , and while these are substantially different institutions, one constant between the two was the dramatic fall in mortgage lending.

In this segment from Friday's Investor Beat, host Chris Hill and Motley Fool analyst James Early discuss these two big banks, and how heavily dependent each is on the mortgage lending business. James notes that, while both of these banks have had a dramatic run-up since the crisis, he's still wary of the sector, in general, which he still sees as fragile enough to backslide at any time.

Big banking's little $20.8 trillion secret
There's a brand-new company that's revolutionizing banking, and is poised to kill the hated traditional brick-and-mortar banks. That's bad for them, but great for investors. And amazingly, despite its rapid growth, this company is still flying under the radar of Wall Street. To learn about about this company, click here to access our new special free report.


Read/Post Comments (1) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2912897, ~/Articles/ArticleHandler.aspx, 12/19/2014 10:12:11 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement