Big Banks' Earnings Signal Challenges Ahead for Smaller Banks
JPMorgan Chase and Wells Fargo on Friday reported year-over-year net income growth of 67% and 57%, respectively. Wells Fargo, for example, still has nearly 30% of its deposits in non-interest-bearing accounts, which include things such as consumers’ checking accounts.
Read More : Big Banks’ Earnings Signal Challenges Ahead for Smaller Banks