Wells Fargo's (NYSE:WFC) record of posting higher earnings each quarter ended when the company reported the results from this earnings season. On a similar note, Citigroup's (NYSE:C) earnings per share plummeted this quarter after it paid a $7 billion settlement. Do these results suggest disappointing performances in the future, too?
In the following video, Motley Fool banking analysts David Hanson and Matt Koppenheffer discuss why these earnings fell this season and the encouraging signs for Wells Fargo and Citigroup as they move forward into the next quarter.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Citigroup. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Citigroup 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.