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Bank earnings are coming: sector preview

Published 01/12/2017, 09:06 AM
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Investing.com - After two months of rising share prices on positive expectations for 2017. 4 major banks are reporting earnings in the coming days.
JP Morgan (NYSE:JPM), Wells Fargo (NYSE:WFC) and Bank of America (NYSE:BAC) report on Friday, while Citigroup (NYSE:C) reports on Wednesday.
JP Morgan & Wells Fargo lead the pack in revenue growth, with JP Morgan having the smallest​ percentage of nonperforming loans.
​WF comes ahead in profitability metrics with a Return on Equity of 12.7%, joined only JPM​ as the two banks with a ROE of over 10%.
Valuation wise, Wells Fargo is the most expensive of the bunch, followed by JP Morgan.
Ramifications of the latest WF account scandal on its performance are still unclear, while JPM's important metrics are improving
Making it the best bank stock to own today

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