Wall Street Meltdown: Five Years Later:
The Best Earner Among the Largest BanksWells Fargo has had the strongest and steadiest earnings performance among the "big four" U.S. banks in the aftermath of the crisis. From 2008 through 2012, the company's return on average assets (ROA) ranged from 0.44% (during 2008) to 1.41% (during 2012), according to Thomson Reuters Bank Insight. Its return on average tangible common equity (ROTCE) over the same period ranged from 7.15% to 16.32%. Leaving aside the "bad year" of 2008, Wells Fargo's lowest ROA over the period was 0.97% in 2009 and its lowest ROTCE was 14.89% in 2010.
- JPMorgan Chase's ROA over the past five full years ranged from 0.31% to 0.94%, while its ROTCE ranged from 6.55% to 14.92%. Leaving out 2008, the company's minimum ROA was 0.58% in 2009 and its minimum ROTCE was 10.66%, also in 2009.
- Citigroup's ROA over the past five full years ranged from a negative 1.28% to 0.57%, while its ROTCE ranged from a negative 37.4% to a positive 8.61%. When leaving aside the "worst year" of 2008, the company's lowest ROA was a negative 0.08% in 2009 and its lowest ROTCE was a negative 1.5%, also during 2009.
- Bank of America's ROA has ranged from -0.09% to 0.26% over the past five years, while its ROTCE has ranged from -1.62% to 5.59%. The negative figures are both from 2010, when the company booked a $12.4 billion goodwill impairment charge, set aside $6.8 billion to cover mortgage repurchases losses and also recorded $2.6 billion in litigation expenses.
Interested in more on Wells Fargo? See TheStreet Ratings' report card for this stock. -- Written by Philip van Doorn in Jupiter, Fla. >Contact by Email. Follow @PhilipvanDoorn