Bank Of America Flexing Its Muscles As A Consumer Banking Titan [Seeking Alpha]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Seeking Alpha
Summary The strong get stronger, as Bank of America posts a healthy fourth quarter, though the beat wasn't so impressive at the pre-provision line. Management continues to leverage one of the best deposit franchises among the larger banks, while an organic growth plan and ongoing IT investments support the long-term story. Bank of America has outperformed but still offers some upside from here. Despite a more challenging operating environment, those banks with legitimately strong franchises and cogent growth plans (particularly those with a strong IT/digital element) continue to prosper. I liked Bank Of America BAC back in May JPMorgan Citi While I still love JPMorgan, Bank of America seems to have a little more appeal now on a valuation basis. This isn’t just a valuation call either; although BofA’s loan growth has come back to earth a bit, the bank continues to take share in the consumer banking market and the company’s ongoing tech investments can unlock further operating leverage
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/23/24 - Form 8-K
- 4/23/24 - Form PX14A6G
- 4/23/24 - Form 424B2
- WFC's page on the SEC website