In the following video, Motley Fool financials analysts Matt Koppenheffer and David Hanson discuss a little bet they made, on whether or not Wells Fargo (WFC +2.31%) and JPMorgan (JPM +1.95%) would beat earnings expectations, or miss them. So how did the results come out? And what does hitting or missing earnings expectations mean for these two giant banks?
Why I Was Right About Wells Fargo and JPMorgan
By Matt Koppenheffer and David Hanson – Apr 12, 2013 at 3:40PM
NYSE: WFC
Wells Fargo
Market Cap
$277B
Today's Change
(2.31%) $1.95
Current Price
$86.41
Price as of October 24, 2025 at 4:00 PM ET
Did Wells Fargo and JPMorgan hit or miss on earnings?
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.