Tuesday, April 26, 2016

Wells Fargo Earnings Review

In a week when coal miner Peabody Energy filed for bankruptcy and rival bank JPMorgan Chase & Co. increased its provision for credit losses by 46% largely because of pressure on its energy, metals and mining clients, investors' focus was naturally on Wells Fargo's energy portfolio. Let's take a look at how credit loss provisions hit income at Wells Fargo, and the other key takeaways from the first-quarter report.

READ THE FULL EQUITY RESEARCH ARTICLE LINKED