Three notable banks - U.S. Bancorp (NYSE:USB), Wells Fargo (NYSE:WFC) and M&T Bank (NYSE:MTB) - all reported earnings last Wednesday. As has been the case throughout this earnings season, there were a lot of moving parts in all of these reports, but a few trends seem to be common across the sector. Banks are seeing improvement in net interest income, minimal loan growth, and tentatively improving credit quality.
The Tale of Tables
To simplify some of the comparisons, I am providing some of the reported financial information in the following tables. Please note that there is "wiggle room" in bank financial reports, and not all analysts will adjust the numbers in the same way, so there could be a bit of variability in the numbers, but I applied the same formulas in all cases, so the comparisons should remain valid.
For the full piece, please click below:
http://stocks.investopedia.com/stock-analysis/2010/A-Tale-Of-3-Banks-USB-MTB-WFC-STD-AIB0727.aspx
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