In this video, Motley Fool financial analyst Matt Koppenheffer discusses this earnings season, and why the trends we see coming from the big banks' reports have been bad news for banking bears. He talks about Wells Fargo (NYSE: WFC), and how it's moving in the right direction despite a lower net interest margin, and discusses US Bancorp (USB 1.63%), which faced some similar challenges to Wells Fargo, but was able to improve the quality of its loan portfolio overall. He also highlights a couple of other banks where the earnings picture wasn't that bad, and where the stocks only suffered as a result of investor expectations being too high. This is an overall good sign for the bank recoveryl.
How the big banks looked overall this earnings season.
About the Author
Matt is the head of the Coverage Team for The Motely Fool's premium products. Previously, he's been . Matt is a heavy user of AI tools and is working on harnessing them to help Fool members. Previously, Matt was GM of Motley Fool Ascent, led The Motley Fool Deutschland, has been an investor on various Fool services, and co-hosted the podcast "Where the Money Is". He also co-authored the book The Astonishing Collapse of MF Global. Matt started his career in San Francisco as a technology-focused investment banker and also worked at a $15 billion private equity company. When he's thinking about how to make Fools smarter, happier, and richer, you can usually find Matt running trails or making a mess in the kitchen. He's a graduate of the University of Pennsylvania, but is a lifelong fan of Penn State football.