Post by Forever Sunshine on Apr 14, 2012 8:32:07 GMT -5
Two of the nation's largest banks released first-quarter results on Friday that disappointed investors, underlining the industry's struggles with a sluggish economic recovery and the long hangover from the financial crisis.
J.P. Morgan Chase & Co. and Wells Fargo & Co., two of the strongest banks in the U.S., faced a barrage of questions from analysts over their problems containing expenses, which increased largely because of legal problems stemming from the housing bust. Although earnings at both banks exceeded Wall Street estimates, that was largely because both are scaling back the amount of money they have set aside to cover future losses.
online.wsj.com/article/SB10001424052702304444604577342130106916476.html?mod=googlenews_wsj
J.P. Morgan Chase & Co. and Wells Fargo & Co., two of the strongest banks in the U.S., faced a barrage of questions from analysts over their problems containing expenses, which increased largely because of legal problems stemming from the housing bust. Although earnings at both banks exceeded Wall Street estimates, that was largely because both are scaling back the amount of money they have set aside to cover future losses.
online.wsj.com/article/SB10001424052702304444604577342130106916476.html?mod=googlenews_wsj
© 2011 -- 
Crap, the Name Escapes Me 
