Wells Fargo outshines JPMorgan in earningsfest
JPMorgan Chase & Co. and Citigroup Inc. reported lower profits on Friday, while Wells Fargo’s earnings climbed and beat Wall Street targets.
Wells Fargo’s 2022 guidance also beat expectations, while JPMorgan’s view fell short.
In 2022, Wells Fargo
expects 8% growth over its $35.8 billion in net interest income , or about $38.66 billion. That figure would beat the latest analyst target of $37 billion in net interest income in…