Like it's larger rival JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC)
delivered a solid, better-than-expected second quarter on Friday
morning. Clearly there is still pressure on the business, as loan growth
is faint and yields are low, but lower credit costs are helping
underpin earnings. Wells Fargo and JPMorgan seem virtually equally
undervalued, and both offer investors a quality play on the banking
sector. With JPMorgan's greater exposure to trading and investment
banking, as well as further regulatory changes, Wells Fargo is arguably
the better play for investors looking to benefit from an eventual
improvement in loan growth and yields.
Please read the full article here:
http://www.investopedia.com/stock-analysis/071213/wells-fargo-managing-slowdown-quite-well-wfc-jpm-pnc-usb.aspx
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