Earnings Bonanza: Which Bank Impressed?

By David Hanson and Matt Koppenheffer – Apr 12, 2013 at 5:07PM

NYSE: WFC

Wells Fargo

Market Cap

$216B

Today's Change

(1.24%) $0.75

Current Price

$61.10

Price as of April 22, 2024, 4:00 p.m. ET

Which bank truly shined this earnings season?

Both JPMorgan (JPM 1.94%) and Wells Fargo (WFC 1.24%) 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.

David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of JPMorgan Chase & Co. and Wells Fargo. 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.