MM120: J.P. Morgan, Citi, Wells Fargo & BlackRock earnings explained!
Market Maker
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How Wells Fargo Is Different From JP Morgan Chase
Wells Fargo had another brilliant quarter. Its net income, 57% up for the quarter. Earnings per share, $125 versus $1.16, smashing earnings estimates. Personal banking and their wealth management divisions that probably have everything performed the best.
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