Both JPMorgan (JPM -0.40%) and Wells Fargo (WFC -0.82%) 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.
Earnings Bonanza: Which Bank Impressed?
By David Hanson and Matt Koppenheffer
-
Apr 12, 2013 at 5:07PM
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NYSE: WFC
Wells Fargo & Company
Market Cap
$162B
Today's Change
(-0.82%) -$0.35
Current Price
$42.29
Price as of May 16, 2022, 7:23 p.m. ET
Which bank truly shined this earnings season?
Stocks Mentioned
Wells Fargo & Company
WFC
$42.29
(-0.82%)
$0.35
JPMorgan Chase & Co.
JPM
$118.62
(-0.40%)
$0.47
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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