JP Morgan and Wells Fargo are two of the four "too-big-to-fail" money center banks with plenty of accounting flexibility to manage earnings expectations. Will revenues continue to be raised by write-offs of bad loans and reduced loan loss provisions? Will revenue be reduced because of lower Treasury yields?
Beware that bank stocks are up against multiyear highs but below their September QE3 reaction highs. Will there be a positive catalyst in the banking industry given the slowing economy here and abroad?
At the time of publication, Suttmeier had no positions in stocks mentioned.
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