Bank Of America In The Rapids Now, But Still In Good Shape [Seeking Alpha]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Seeking Alpha
SummaryBank of America missed by around 5% at the pre-provision profit line, but the bank's results were otherwise generally consistent with what other large banks are reporting.Like other banks, BoA is socking away reserves; the bank's capital looks adequate for now, but uncertainty remains the key word today.Even with lower economic activity and higher loan losses, I believe BoA can still produce 2%-plus long-term core earnings growth, supporting a Buy today.In a pretty short period of time, major banks likeBACI believe the high-quality majors, including Bank of America,JPMorganPNCA Mostly Par-For-The-Course ReportWith a half-dozen major banks having reported now, it looks like Bank of America’s first quarter earnings are broadly consistent with what’s going on in the group. Net interest income was better than expected, helped by both a better spread and greater balance sheet growth, but fee income was worse. Expenses tracked a little higher, and provision expense was much, much hig
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WFC
Earnings
- 10/11/24 - Beat
WFC
Sec Filings
- 11/20/24 - Form 424B2
- 11/20/24 - Form 424B2
- 11/19/24 - Form 424B2
- WFC's page on the SEC website