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>> WELLS FARGO Latest News

JAN 17, 2013 - Investors Business Daily

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JPMorgan, Goldman, Citi Outlooks Brighter After Wells

Low interest rates have homeowners swapping out their mortgages for ones with cheaper monthly payments. But while that benefits homeowners, the trend is reducing home-loan profit margins for banks. This week, the nation's largest banks will reveal just how well they are handling razor-thin loan margins. Wells Fargo (WFC) gave analysts a mixed look at what other large institutions, including JPMorgan Chase (JPM) and Citigroup (C) are likely to show

Tags: JPMorgan, Goldman, Citi Outlooks Brighter After Wells,  Wells Fargo Latest News