What the Big Bank Earnings Mean for Mutual Fund Investors (JPM, WFC)

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What the Big Bank Earnings Mean for Mutual Fund Investors (JPM, WFC)

Shauna O'Brien Jan 14, 2015



Inside the Earnings


JPM reported earnings of $4.9 billion, or $1.19 per share, down 6.6% from $5.3 billion, or $1.30 per share, last year. Revenue was $23.6 billion, down from $24.1 billion last year. Analysts expected to see EPS of $1.31 and $23.64 billion in revenue.

Wells Fargo

Earnings were $5.7 billion, or $1.02 per share, up from $5.6 billion, or $1 per share, last year. Revenue came in at $21.4 billion, compared to last year’s Q4 revenue of $20.7 billion. Analysts expected to see revenue of $21.2 billion and EPS of $1.02.


Earnings Season for the Big Banks


So far, JPM has taken the biggest hit following its earnings release, falling nearly 4% on Wednesday morning. JPM’s profit was negatively impacted by legal expenses. On the flip side, WFC has benefited from an improved mortgage business.


Mutual Funds to Watch


JP Morgan



The Bottom Line


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