JPMorgan And Wells Fargo Reported Earnings Tuesday: Here Is What Analysts Are Saying

Two of the United States’ biggest banks scored a hit and a miss on earnings Tuesday, but analysts remain quite positive across the board.

Both JPMorgan and Wells Fargo reported second quarter earnings on Tuesday morning. The former beat Wall Street’s expectations, while the latter fell short. Analysts at numerous firms immediately commented on the results, and the general consensus on both entities appears to be rather optimistic.

JPMorgan posted second-quarter earnings of $1.54 per share, up from $1.46 from the same period the year prior and well above the $1.44 consensus estimate from Thomson Reuters. Net income increased 5% to $6.3 billion. Revenue fell 3% to $24.5 billion.

“Our Company had strong results this quarter, and each of our businesses performed well, with broad...