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>> WELLS FARGO Latest News

JAN 17, 2013 - Zero Hedge

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The "Big Three" Banks Are Gambling With $860 Billion In Deposits

A week ago, when Wells Fargo unleashed the so far quite disappointing earnings season for commercial banks (connected hedge funds like Goldman Sachs excluded) we reported that the bank's deposits had risen to a record $176 billion over loans on its books. Today we conduct the same analysis for the other big two commercial banks: Wells Fargo and JPMorgan (we ignore Citi as it is still a partially nationalized disaster). The results are presented below, together with a rather stunning observation. First, Wells again - deposits over loans: record $176 billion. Next: Bank of America: unlike ... Read More

Tags: The "Big Three" Banks Are Gambling With $860 Billion In Deposits,  Wells Fargo Latest News