- Third-quarter EPS of 61 cents, beating consensus estimate of 54 cents.
- Total revenue of $3.675 billion also beats.
- Investment management fees rise 7% year-over-year
The approaching debt-ceiling debate in Congress could send bank stocks diving, if recent history offers any lessons.
Wells Fargo's board turned to former SEC Chief Mary Jo White to assist with a self-evaluation following a series of scandals -- leading to the departure of two long-serving directors.
After a very damaging week, the major bank stocks are staging an impressive rebound Monday.
Analyst Mike Mayo stays bullish on banks.