
JPMorgan Chase and Wells Fargo Report Strong Q2 Earnings
JPMorgan Chase and Wells Fargo both exceeded Q2 earnings estimates, driven by strong performances in investment banking and commercial activity, respectively. JPMorgan Chase saw a surge in investment banking and equities fees, while Wells Fargo's interest income beat estimates and provisions fell.
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Wells Fargo did enough to remain in our portfolio. What we liked about earnings
The knee-jerk selling of Wells Fargo shares after a largely strong second-quarter earnings report made no sense.
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