Wells Fargo and JPMorgan: Q4 results tell two different stories - Peter Garnry, Saxo Bank head of equity strategy
Wells Fargo and JPMorgan: Q4 results tell two different stories - Peter Garnry, Saxo Bank head of equity strategy. US banks performed well in Q4 2013, and will benefit from the easing of credit restrictions imposed in the wake of the financial crisis. Strong credit quality, high performing loan assets, and high ROE make Wells Fargo the most attractive commercial bank in the US for investment. JPMorgan is a much weaker stock comparatively with uncertainty around the banking giant and ongoing litigation risks but Peter remains optimistic on the US banking sector (VIEW LINK)
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