11 Reactions About The J.P. Morgan And Wells Fargo Earnings Reports

Stefan Cheplick
October 13, 2013

1.) Wells Fargo (WFC) missed Wall Street’s revenue estimates and J.P. Morgan (JPM) had massive legal fees:

Screen Shot 2013-10-13 at 6.04.17 PM
Screen Shot 2013-10-13 at 6.04.17 PM

 

2.) This graphic has everything you need to know about the earnings report from Wells Fargo:

Screen Shot 2013-10-13 at 6.06.17 PM
Screen Shot 2013-10-13 at 6.06.17 PM

3.) Mortgage banking is a huge division at Wells Fargo. The best investors keep a close watch on its performance:

Screen Shot 2013-10-13 at 6.07.17 PM
Screen Shot 2013-10-13 at 6.07.17 PM

 

4.) A few traders and investors pointed out a rather worrisome stat within the earnings report from Wells Fargo:  

Screen Shot 2013-10-13 at 6.09.31 PM
Screen Shot 2013-10-13 at 6.09.31 PM

5.) Some value investors pointed out the attractive multiple and dividend despite the slowdown in mortgage originations:

Screen Shot 2013-10-13 at 6.10.10 PM
Screen Shot 2013-10-13 at 6.10.10 PM

 

6.) Wells Fargo may have just set the pace for the rest of this earnings season:

Screen Shot 2013-10-13 at 6.10.37 PM
Screen Shot 2013-10-13 at 6.10.37 PM

 

7.) Here are several must see quotes from both the J.P. Morgan and Wells Fargo earnings reports:

Screen Shot 2013-10-13 at 6.10.58 PM
Screen Shot 2013-10-13 at 6.10.58 PM

8.) J.P. Morgan and Wells Fargo reported that the mortgage markets are slowing:

Screen Shot 2013-10-12 at 5.05.41 PM
Screen Shot 2013-10-12 at 5.05.41 PM

9.) Here’s a great stat about the start to earnings season:

Screen Shot 2013-10-12 at 5.06.20 PM
Screen Shot 2013-10-12 at 5.06.20 PM

10.) Some are saying that these two charts are the most important charts to see:

Screen Shot 2013-10-12 at 5.21.19 PM
Screen Shot 2013-10-12 at 5.21.19 PM

11.) Judging by the earnings from both Wells Fargo and J.P. Morgan, this earnings season might be somewhat lackluster:

Screen Shot 2013-10-12 at 5.06.57 PM
Screen Shot 2013-10-12 at 5.06.57 PM

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